OSI Group, a manufacturing food company based in Chicago is expanding its business to outside the United States. The company is not just expanding its facility in terms of capacity but also in terms of the product they produce. Since the company was started in 1909, it has been dealing with the supply of food products to the large food chains in the country. The company is now led by President David McDonald and CEO Sheldon Lavin. The two executives have worked hard for this business, and the results are impressive. Today the company is acquiring some other huge food processing companies in other parts of the world to boost their business.
OSI Group has set up new facilities for production in various parts of the world. In the last two years, they have constructed seven food processing plants. The company is anticipating that the expansion strategies they have been applying will lead to more business and therefore demand for their products will go up. OSI Group has also concentrated on determining which product customer wants. Through product development plans, the company is serious to identify the products which the client wants. Their role as a business is to supply clients with what the customer wants.
While pushing for business expansion, the company has partnered with Dutch Food Company called Baho. Baho is one of the best food companies in Europe. It supplies more than 18 countries in the region with food products, mostly conveniences gods and snacks. The company also has five subsidiaries in Netherlands and Germany. So, for OSI Group, this is a prime acquisition which will help the company earn immensely. The European market is one of the best and OSI Group is hoping to grow even further.
David McDonald, the president of OSI Group, has referred to the acquisition of Baho as an opportunity for them to gain a broader presence in the world. For a company that is hoping to reach every corner of the world. The acquisition of Baho with a presence in 18 countries is just the kind of deal they would be interested in.
David McDonald is a holder of Animal Science degree. He has been the chairman of North America Meat Institute. His first role while serving OSI Group was as a project manager.
For details: www.crunchbase.com/organization/osi-group#/entity