Beefing Up: The OSI Group is Buying Domestic and International
For over a century, the OSI Group has been providing meats to customers. Since their humble beginnings in 1909 as a tiny butcher shop and meat market in Chicago, the OSI Group has been about one thing: meat. Started by Otto Kolshkowsky,the group has since grown into a global powerhouse in the meat industry. With 65 locations in 17 countries across the globe, chances are if you have gone out to eat or have gone grocery shopping, you may have purchased and/or eaten a product from the OSI Group.
Their most recent acquisition overseas in Europe with the acquisition of two companies showed the company’s willingness to expand into Europe and broaden the company’s portfolio. Baho Foods and their subsidiaries in the Netherlands and Germany along with Flagship Europe in the United Kingdom were purchased in August and December of 2016 respectively. Baho Foods now gives OSI Group a reach into 18 different European countries along with a company with over 60 years of experience selling products. With Flagship Europe, OSI Group now has a broader presence in Europe, according to president and COO of OSI Group David McDonald. He continued by saying, “The company’s portfolio of products and brands complements OSI’s current processing strengths while broadening our capabilities to best serve the evolving needs of our customers.”
Elsewhere domestically, the group continues to buy up food processing plants that were near closure. In Chicago, the company purchased a Tyson Foods plant that was close to closure and a loss of 500 jobs in the South Side of the city. With an offer of over $7 million, OSI was able to keep the plant open and also expand their product options at the same time.
From 1955, when they were chosen as the supplier of hamburgers to a start-up restaurant named McDonald’s to now with so many ventures and plants inside and outside the United States, the OSI Group has shown what the American Dream can become. With a worth of close to $3 billion, the group ranks as one of the wealthiest, privately-owned companies in the United States. From those humble beginnings, the OSI Group has really grown their name.
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