OSI Group is a large company that supplies food products to its huge customer base that exists all around the world. The company rose from a small meat market and butcher shop that was created by Otto Kolschowsky who was a German immigrant to Chicago, Illinois. Eventually, Otto began to offer wholesale services and and within ten years, he renamed his company Otto & Sons to recognize his two sons who had come aboard. It wasn’t long before Otto seized a huge opportunity, and this was to become one of McDonald’s first beef suppliers. Back then, McDonald’s was just getting started, so the two companies grew together over the years afterwards.
OSI Group, which was still named Otto & Sons at the time, slowly grew out of its role as a regional supplier and began the process to becoming a worldwide enterprise. It didn’t happen right away, but the relationships with McDonald’s moved the company in that direction, because it challenged Otto & Sons to come up with more innovative ways of transporting and producing the amounts of beef that the company required. Flash freezing-cryogenic food processing became a real thing during these times, and then the company decided to build a facility that was, exclusively, dedicated to McDonald’s.
In 1975, Otto & Sons officially renamed itself to OSI Group, and this happened during the time when the family-run business decided to hire outside help. This outside help came in the form of Sheldon Lavin who was originally an investment consultant for the company. The company opened its first facility outside of the Chicago area in 1977, and this facility was located in West Jordan, Utah. Many other facilities were opened in the United States after this, and then OSI made its first move to become a global company by opening a facility up in Germany as well as Spain.
OSI Group quickly expanded into a force to be reckoned with, and with Sheldon Lavin at the helm as CEO, there was no stopping it. Today, OSI is one of the largest food supply company’s in the world. It is listed as being a $6.1 billion company that is ranked in the 58th spot on the Forbes list of the largest private companies. Not only does the company plan on continuing its expansion all over the world but also in the United States where an abandoned Tyson Foods plant was recently.
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Without a doubt, the American food industry is vastly expanding with time. However, for some entrepreneurs, this industry is not large enough to accommodate every business unit. For such companies, the extensive world is an oyster. Therefore, seeking international growth and expansion by delving into global supply seems like the best option. Other advantages appended to global expansion include sales increase and the reduction of over dependence on the various markets used to supply local products. When speaking of global expansion and its impact, one company that has managed to remain relevant in its quest of spreading its services across international markets is OSI Food Solutions.
OSI Food Solutions has over the past years gained a strong presence in the American food manufacturing industry. Initially, the company went by the brand name of Otto & Sons. Under the leadership of Mr. Otto, the company supplied meat based food into the major retail stores in Chicago. Later in the years, the company landed the opportunity to supply McDonald’s with meat alongside other snacks. With that project, Otto and Sons became a relatively larger company that could now serve the needs of major food companies within Chicago. As such, there was the need to employ a finance manager who would oversee the proper allocation of resources in order to deal with the rising demand from consumers. Luckily for the company, Chicago had an expert finance manager by the name Sheldon Lavin. Therefore, the management hired him to handle their business. As it turned out, Lavin was good at account management. For starters, he evaluated the demands of clients and measured the cost benefits of supplying these demands. Later, he delved into major strategies that would foster global expansion. Because of his contribution to the evolving needs of consumers, Lavin bought off a huge number of controlling shares from the company. This move made him a major shareholder when the company earned a new name as OSI Group.
Since then, the company has maintained unwavering devotion to its client’s demands. Moreover, OSI Food Solutions has garnered a huge market share in China in the past ten years. Over and above, this market share has contributed to the growth of the country’s economy. Even so, the story does not end there for OSI Food Solutions as in the last three years, it dedicated vast resources to major expansion projects like the acquisition of Baho Food. The Dutch-situated manufacturer of meat-based foods expanded OSI Group’s manufacturing capacity.
Learn More: de.wikipedia.org/wiki/OSI_Food_Solutions