Whether ordering at a supermarket or eating at a restaurant with a few of your close friends and family, meat is perhaps the most ordered item (unless you are vegan). While a lot of you will be familiar with various food chain restaurants and the menu offered there, not many people are aware of where the ingredients needed to create those menu items are supplied from and while this may seem like worthless information it can actually be a lot more vital then you would’ve previously imagined. Amongst these food production companies, the OSI group is perhaps the most well-known and well established one with, 65 facilities in 17 countries and employee number of 20,000 all culminating to a net worth of $6.1 billion.
The story of this now billion dollar empire-esque company began in the mid-1950s, when it was known as Otto and Sons and became one of the first and main suppliers of McDonald’s which at that time was only beginning to spread throughout the Mid-west of the United states of America. And from that point onwards, OSI group has only gone on spreading like wild fire. In a recent bid for “world domination” OSI Group has acquired a controlling stake in the Dutch food production company, Baho Foods, that deals in convenience foods and deli meats etc which will allow OSI Group to strengthen their roots in Europe as Baho Foods is not limited to Netherlands, but also has subsidiaries in Germany and is known to supply food to over 18 countries in Europe.
After the acquisition, the Group targets increased its sales and production. The group has made the decision to keep the team of managers at Baho Foods instated and have a group of their executives collaborate with them in order to push forth the plan for future production work. The managing director of Baho Foods, John Balvers has expressed eagerness to work under the Aurora, Illinois based company keeping in view the relationship that the Group shares with its customers and suppliers. This isn’t the first attempt of OSI Group for expansion in Europe as previously in the year 2016 they also purchased Flagship Europe, a company of frozen poultry, pies and condiments.