OSI Industries is one of the biggest food production companies in the world. Currently, it is operating in 17 countries, has over 65 production plants and has employed over 20,000 people. The company has risen from a small butcher shop in Chicago one century ago to now a significant player in the economy of the United States. Currently estimated to be worth over$6 billion, OSI Industries is a clearly a top company. The company is still evolving and spreading its business to more countries. It is headed by CEO Sheldon Lavin assisted by David McDonald, the president, and the Chief Operating Officer.
OSI Industries has a long history. How did it transform from a butcher shop to a top food company globally? Its growth has been necessitated by demand for food, technological developments, and a management team that has its goals set on expanding the company. The emergence of chain restaurants was a big booster to OSI. The company which has its headquarters in Illinois got its first huge business opportunity after the McDonald’s was established.
OSI, then known as Otto & Sons got an opportunity to supply hamburgers to McDonald’s. As the McDonald’s expanded rapidly, there was pressure on OSI Industries to produce more food. This pressure is what finally got the management thinking about expanding its food production capacities and initiated transformation which have seen the company grow by leaps and bounds since the 1970s.
Earlier at the beginning of the 20th century, OSI was a butcher shop started by a German immigrant known as Otto Kolschowsky. He was later joined by his two sons who assisted him to manage the company. In 1975, they were overwhelmed by the growth of the company and this is when Sheldon Lavin was brought in from the banking sector to assist in the management of finances.
Since Sheldon Lavin joined the firm, he has transformed the company significantly. Even after the two sons of Otto left, he remained committed to pushing the business further. The company started expanding supplies not only in the United States but also in other places.
OSI is currently operating in numerous countries directly or through subsidiaries. In recent times, it has focused on acquisitions in Asia and Europe mainly. Notable acquisitions include Baho Foods and Flagship Europe. The company under Sheldon Lavin is committed to improving the food production industry by focusing on production methods that promote food safety, sustainability and green practices.
OSI Industries info: www.mapquest.com/us/illinois/osi-industries-llc-7716434