OSI Group, a global leading food processing company, which supplies value-added protein items and other food products to leading foodservice and retail brands, wrangles an opportunity to expand its number of production factories and storage. It was founded in 1909 under the name OSI Industries, Inc. and based in Aurora, Illinois. Since their name change in 2004, OSI Group, LLC has been offering great food production for many different meals like sous vide, pizza, baked snacks, hot dog and sausage processing. Along with its fried food, it also provides sandwich and entree assemblies. Led by CEO Sheldon Lavin and President David McDonald, one of their senior executive vice presidents of OSI North America, Kevin Scott, seized an opportunity to expand their growing business. To learn more about OSI Group visit Bloomberg.
Kevin Scott said in a press release, “This facility enhances our capabilities to meet the rapidly evolving needs of our customers. We are excited to have this facility as part of the broader OSI Group manufacturing network.”
Excited they should be because these new facilities came from one of their competitors. Another world-renowned food producer, Tyson Foods, is closing some facilities in Chicago to redistribute the workload to improve their efficiencies. One of their food processing facilities and storage warehouses happened to be in close proximity to one of OSI Group’s pre-existing facilities. OSI Group believes that acquiring this 200,000 square foot closing facility will add necessary infrastructure to aid its continual business growth. Not much was disclosed however about the financial terms of the deal or what types of processing would be done at this new facility, but OSI Group will be sure to see a profit come out of this opportunistic deal. This new purchase will add to OSI Group’s nearly 60 facilities that they have in 17 different countries, of which OSI China holds the bulk of the workload.