The foodservice industry is more than just the production of foods. This industry is composed of multiple sectors whether it’s in the office, or it’s in the field. OSI Group has demonstrated foodservice excellence in a number of ways. This wholesale-food provider is one of the biggest privately owned companies in America, and it is worth billions. In 2011, OSI Group earned just over $3 billion, and it was ranked by Forbes at the 136th position. By 2016, the company had moved-up the list to the 58th position as it generated more than $6 billion. OSI Group’s quest started from humble beginnings back in the early 1900s, but as of today, it is a confident foodservice enterprise.
Business acquisitions are very important to any company that’s seeking growth. In most cases, a company has to acquire stake in other companies that share the same perspective. By doing so, a company can expand on its interests in a more efficient way. OSI Group epitomizes the term acquisition because it has completed its fair share of acquisitions over the past few years. In 2016, OSI acquired stake in the private-Dutch company BAHO Food. This specific foodservice provider has a huge presence in Europe, especially in Germany and in the Netherlands. It produces a wide range of deli meats, snacks and convenience foods. David G. McDonald, president of OSI Group, stated that “this merger has broadened the company’s presence in Europe.” BAHO Food’s portfolio matches that of OSI’s and this combination will be able to better serve its customers on a grand scale.
OSI Group has also acquired a 200,000 square-foot facility in Chicago that was owned by the prominent Tyson Food Plant. This particular acquisition cost an estimated $7.4 million. As you can see, OSI is always looking to improve on its services. Progressive thinking like this is why it has grown at such an astounding rate and that speaks volumes.
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