Having been founded in the year 1909 by the Otto Kolschowsky family, OSI Food Solutions of industries has grown beyond bounds to become the market leader it is today. It was initially a small butcher shop combined with a meat market in Chicago that was named Otto & Sons. OSI Industries currently dominates many food markets in several regions around the world. Over the years, the company has over 65 mergers with other food giants around the world.
As an experienced manager and investor in the food industry, David McDonald has been at the forefront to initiate more mergers and acquisitions in a bid to improve its productions.
Being in the food production industry for quite a while now, David McDonald has been instrumental in pushing for OSI’s group global success and growth. He has always been very strategic about all mergers and acquisitions the company is doing. An example of proper and strategic mergers is during the acquisition of Baho. Baho is a Netherlands based company that has been supplying the Dutch and Germans with food for over 60 years. This acquisition has been very important in venturing into the European market.
OSI Group has entered into a contract with McDonald’s about the supply of beef, poultry and bacon products. This contract has lasted a century now. As such, anytime McDonald’s opens a new food outlet in a new market in the world, OSI comes in quick to establish a food production facility in the new market too. This factor has seen the two companies grow hand in hand to become the entities they are in the present day.
OSI group has been very a keen on green innovations. This initiative saw the company have their efforts recognized by the British Council. There are other prestigious awards that OSI Group has won due to their commitment to continue serving the world with quality food products.
About two years ago -2016, OSI group acquired Tyson production facility, a deal valued at about $7.4 million. The facility is located in Chicago and serves as a storage space. It is a giant facility measuring about 200,000 square feet. Part of the facility has been revamped to start food productions. This is an integral part towards the growth of OSI industries considering that they are headquartered in Chicago.
In the year 2016 also, the company also merged with Flagship Foods, a European company dealing a supply of poultry meat. OSI industries now boast a considerable market in the European Industry.