OSI Industries: Increasing Global Reach
For the last five years, OSI Industries has been focusing primarily on the local and also foreign expansion. Likewise, since 1970, when Sheldon Lavin joined this firm, he has been fueling and directing the initial establishments and the developing global reach of the company. Some of the OSI’s recent acquisitions and purchases that will promote its reach and operations entail the following.
The Baho Food Acquisition
Baho Food Company manufactures snack foods and deli meats. Its food products are supplied in the Germany and Netherlands food services industries. The OSI industries acquired the Baho food plant to expand their services provisions, particularly in the Netherlands. This acquisition will also position OSI strategically to grow its services in the better part of Europe as Baho Food Company has various plant located in different countries within this continent. Baho has five strong subsidiaries, which are located in Germany and the Netherlands and it is operational in more than 18 countries in Europe. This way, the OSI group will be able to address the evolving needs of their clients within Europe promptly.
The Chicago Expansion
The Chicago expansion features the acquisition of the Tyson Food plant. This plant has an extensive floor space that is more than 200,000 square feet and many rooms, which will help to boost the production process for the North America clients. The acquisition of this plant will enable the OSI industries to address its growing needs in this region more effectively. Although Tyson Food plant was initially designed to handle the manufacture of poultry products, OSI firm is confident that they will be able to manufacture various products in this facility.
The Spain Expansion
The Spain expansion has established an additional production plant for OSI industries in Toledo, Spain. This move is aimed at boosting the poultry output in Spain, which is one of the major markets for poultry products. Prior to this acquisition, OSI poultry production was approximately 12,000 tons every year. However, after the new addition, this firm is now able to produce more than 24,000 tons annually. The Toledo plant has also undergone latest improvements to boost it receiving and refrigeration capabilities.