The OSI Group has an interesting timeline. According to the company’s website, the company was established in the year 1909 by a German immigrant known as Otto Kolschowsky. During the early years, OSI Group functioned as a family owned meat market offering its services to the people of Chicago, Illinois.
In the year 1955, the OSI Group entered into a contract with McDonald to their sole supplier of meat products especially fresh ground beef. In the year 1973, the company changed its name to Otto & Sons and opened a new plant in West Chicago, Illinois. In the next five years, the company had changed its name from Otto & Sons to OSI Group and also opened a new plant in West Jordan, Utah. The year 1978 saw the company expand its operations beyond the United States by opening a plant in Germany. This was then followed by expansion into Latin America and Spain in the year 1982 and 1980.
The company expands through joint ventures, acquisitions and mergers. The company’s timeline reveals that the latest company to be acquired by the OSI Group is Baho Foods. Before being acquired by the OSI Group, Baho food had five subsidiaries that were operational in Netherlands and Germany. Upon acquisition, the subsidiaries became OSI Group properties. In all its acquisitions, the OSI Group cares about the employees of the newly acquired company. It’s for this reason that the OSI Group said that all the employees of the OSI Group would retain their jobs. At the same time, the executives of the company would be absorbed into the new management that will be sent from the United States. The OSI Group understands that the success of any food company lies in understanding the local culture of their customers. This is the reason why they prefer local management and local employees.
With an annual revenue of $6. 8 billion, the OSI Group is the 58th largest private company around the globe. For people who don’t know what the OSI Group specializes in, the deal with poultry, pork, beef, bacon and vegetable products. They also specialize in dough products.