The OSI Group had some humble beginnings as it began as a family meat marketplace many years ago. As time went by, the company built itself a reputation of offering the best meat around the area of Chicago. Several years later, the owners of OSI Group and McDonald’s met and forged a good business relationship. This meant that the OSI Group became the number one supplier of McDonalds’ meat in the US. Many years later, not a lot of things have changed as the company has grown into a worldwide corporation operating in 66 locations that are spread across several nations with 20,000 employess. The company has its presence in Europe, Asia-Pacific as well as North America and some parts of Latin America.
OSI Group is still governed from Aurora, Illinois despite having several offices and plants across the US. OSI Group has maintained a reputation for offering the best products across the world. Some of the products it’s renowned for include hot dogs, meat patties, bacon, dough products, vegetable products and poultry. OSI Group also trades on other products such as fish, pizza, and pork. The Forbes Magazine recently ranked the company as the 58th largest privately held company in the world. Records show that the company had a revenue of $6.1 billion in the year 2016.
Another prominent employee of this company is Sherry DeMeulenaere who is the chief financial officer. OSI is known in China for offering meat supplies to western companies doing business in the country. Such companies include Subway, Pizza Hut, Papa John’s Pizza and Starbucks. The good work by OSI Group has led to the group being honored with several awards especially for observing environmental conservation laws. OSI Group started as Otto & Sons but changed to the current name in the year 1975.
The OSI Group has managed to expand globally through the acquisition of other companies in the same industry. The latest firm to be acquired by the OSI Group is the Baho foods. Baho food used to operate in Germany and Netherlands and used to specialize in convenience foods as well as snacks. Upon the acquisition, Baho Foods will continue selling its products but will also sell a majority of OSI Group products. The Baho executive board will start working with OSI executives. The workers will also continue working for the company and will not be fired.