For the past half century, OSI industries has been continuously taking over the food market by expanding its operations in each wake. For instance, in 2016 the company enlarged its processes in Chicago after the purchase of a food processing facility storage that was previously owned by Tyson Foods.
The facility lies on a 20,000 piece of land and is strategically situated in one of its many properties. Apart from its convenient location, the fact that it is extra big offers enough space for OSI to meet the needs of its ever-growing customer base. This explains why the firm’s management is particularly enthusiastic about this new purchase. However, the group only announced the acquisition of this new property but did not release the specific terms of the sale. Before Tyson group transferred the ownership of this asset to OSI industries, it used it as a plant for its prepared food operations, but that was later put it up for sale in 2015 saying that, it would help to improve its productivity.
Besides the Chicago based Tyson plant, OSI industries also acquired a stake in Baho food in 2016. Again this acquisition is just part of OSI’s expansion plans. According to the company’s spokesperson, the acquisition of stakes in Baho foods will help OSI expand into Europe.
Why Baho Foods?
Baho Food is a renowned manufacturer and supplier of deli meats, snacks and also convenience foods in Europe. The fact that it already has a well-established market is one of the factors that fueled OSI to acquire the firm as it will help to expand the firm’s customer base. Baho Foods has five subsidiaries located in different parts of Germany and Netherlands which provides a bigger market for OSI industries.
Apart from its two acquisitions, OSI also made two more acquisitions in 2016 adding up to its list of assets, and also helping it inch closer to its goal of becoming a world leader in the food processing industries. The other two acquisitions include Flagship Europe and OSI food solutions Spain.
About OSI industries
Even though it is one of the most renowned food processing firms today, OSI began as a small food market located in Illinois in 1909. It was established by Otto Kochowlsky and back then it was known as Otto & Sons. However, through determination and great leadership, it has grown into the food giant we see today.
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