How do you survive in a hyper-competitive industry? Creating a business that can survive in the face of competition is difficult enough, imagine if that competition was some of the biggest companies on the planet. The meat industry is booming. Fad diets, a growing population, and cheaper methods of raising meat have grown the meat industry into a modern Goliath.
One company is showing that it can not only survive but thrive in this industry. OSI Industries has been growing and growing fast. Key acquisitions in Europe and rapid expansion in the United States have made OSI an aggressor in the meat processing industry.
OSI recently acquired Baho Foods — a privately owned Dutch company that operates out of Germany and the Netherlands — for an undisclosed amount. Baho is a huge food supplier in their territory, and this acquisition is set to increase OSI Industries presence in these territories. The Netherlands and Germany can both be hard to break into, especially for an American company. OSI acquiring Baho foods seems like the perfect move to increase their foothold in these countries.
Baho Foods isn’t the only major European acquisition that OSI has made recently, the Flagship Europe deal last year turned some heads in the industry. Flagship Europe — now Creative Foods — is a major supplier of sandwich fillings, poultry, and jams. Acquiring Flagship Europe isn’t just about the increase OSIs branding or product portfolio it also gives OSI a vastly increased network in Europe, something that is very important to remain competitive in the industry.
In the United States — OSIs home territory — OSI has been increasing production capabilities rapidly. In southern Chicago, OSI Industries recently purchased a food plant from Tyson (another major player in the meat processing industry) for $7.4 million. Within the first year, OSI converted the plant to be able to produce not only chicken but beef and pork as well. This strong presence in Chicago is important to OSI and the old Tyson food plant adds to OSI Industries growing list of Chicago-based food processing plants.
OSI Industries is an example of a company that is remaining competitive. With a few major European acquisitions and huge production upgrades in the United States, OSI is looking comfortable. OSI Industries isn’t backing down from a little competition. It seems that competition is only driving them to compete harder and their brand better, faster, and more connected than ever.
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