OSI Industries acquired Tyson Foods in a move that saved hundreds of jobs. Tyson Foods is a Chicago based food manufacturer that has been in business for many years. OSI paid 7.4 million dollars for the established company. There were 480 jobs at stake. Many of the Tyson Foods employees were offered positions with OSI Industries.
OSI has made other business acquisitions that puts them in a place to reach other markets within the food manufacturing industry. They purchased Baho Foods. Baho Foods has a portfolio that compliments what OSI does well. The merger will help OSI Industries increase their influence in the European region. Flagship Food Group has also teamed with OSI to bring a more effective presence in Europe. They provide various food supplies such as mayonnaise, sauces and dressings.
OSI Industries has increased their international influence by consistently adjusting to the climate of their industry. The company began as a meat market in the early 1900’s. The founder Otto Kolschowsky was a German immigrant who set up shop in the Chicago area. He focused on supplying meat to all types of food industry businesses, as well as individual customers. The business model continued to grow as Otto Kolshowsky’s company gained a reputation for professionalism and dependability.
Otto Kolshowsky called his company Otto and Sons. He eventually handed the business over to his children and they continued in their father’s foot steps. They partnered with McDonalds in the 1950’s. Ray Kroc was looking to expand his organization into the Illinois region and needed a meat supplier in the region. Otto and Sons took on the challenge and quickly distinguished themselves as a leader in the industry. They introduced several innovations that put them ahead of the hundreds of other meat suppliers that McDonalds employed. OSI group eventually evolved as the primary supplier for the food chain giant.
Otto and Sons later became known as OSI Industries. Their client list currently includes Pizza Hut, Starbucks, Subway and Pappa John’s Pizza. Their diverse capabilities allows OSI to be an international power in food manufacturing. OSI Industries has made a tremendous effort to build a work force that reflects their mission.