As a best-in-class American company like OSI Solutions, making important deals and procuring key food companies has helped propel OSI to expand their market share over the years. Founded as a small family meat business in Illinois in 1909 as Otto & Sons Inc., today, OSI Solutions is currently an international food company, with an estimated value of $6.1 billion according to Forbes.com. OSI Solutions has approximately 20,000 employees, operates in 17 countries, and maintains approximately 67 facilities.
Sheldon Lavin, who is the CEO and a prior employee of OSI Solutions when the company was called Otto & Sons in 1970, is responsible for earning OSI some notable awards and distinctions in the food industry. A subsidiary of OSI Solutions was presented — in December 2016 — with the Globe of Honour award. The Globe of Honour award is bestowed upon those firms that do business in the UK and achieve a certain level of excellence in areas of environmental safety.
Over the last few years, Chief Executive Officer Sheldon Lavin and a key consortium of OSI executives have been aggressive in their strategy to expand their market share in Europe, India, and Asia-Pacific areas. In August 2016, OSI Solutions was able to buy BAHO Foods, a Dutch firm. Buying BAHO Foods was a business move that OSI executives noted would provide a stronger business presence in Europe.
OSI Solutions also bought the UK-based food company, Flagship Europe, in December of 2016. Flagship Europe is the subsidiary of the Flagship Food Group. Flagship Food Group is headquartered in Denver, Colorado. A key OSI executive quipped that Flagship Europe’s portfolio of products and brands are consistent with OSI’s business model and food brands.
In regards to some of the key moves that OSI Solutions has been made domestically, in June 2016, OSI bought a large Tyson Food plant. OSI purchased this Tyson facility for $74 million dollars. An OSI group spokesman remarked that Tyson’s 200,000-square-foot property, which is located in the Back of the Yards lot, is located in the same proximity to OSI’s Chicago facilities, which is convenient for OSI Solutions’ managers and employees.
By Tyson Food selling this plant to OSI, it was a key strategic move for OSI Solutions that they expect will end up boosting its company’s growth. And this acquisition by OSI was an astute way to use this newly procured infrastructure to help spur additional business growth.
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