A Look At The Expansion Of OSI Group

OSI Group, LLC, is a food processing company with offices and facilities across the world. It was founded in 1909 and has been led by Chief Executive Officer and Chairman Sheldon Lavin who also owns the company. With $6.1 billion in annual revenues, Forbes has OSI Group rated #58 on their list of America’s Largest Private Companies.

Over the last few years, OSI Group has been on a buying spree, purchasing other food processing companies as well as their facilities. The company, which is headquartered in Aurora, Illinois, purchased a Tyson Foods plant in Chicago in June 2016. Tyson Foods had been planning on closing the plant and laying off all of the employees that worked there. Instead, OSI Group bought the plant for $7.4 million. Most of the 250 employees that remained at the plant were hired by OSI Group.

One of the companies that was recently acquired by OSI Group was Flagship Europe, which is located in the United Kingdom, which was purchased in December 2016. Another recent acquisition was Dutch food processing company Baho Foods in August 2016, along with their processing plants in Germany and the Netherlands. These two purchases gave OSI Group a wider presence in Europe including the 18 countries that Baho Foods already had ties to.

A more recent purchase was in March when OSI Group bought a German beef slaughtering company, Hynek Schlachthof GmbH. This purchase gave OSI Group more access to raw materials in Europe that will be used at their food processing plants in Germany.

Learn more about OSI group at http://www.foodsafetynews.com/tag/osi-group/#.WGvb_7YrLeQ.

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