OSI is a major worldwide provider of custom food items in the world’s driving foodservice and retail foods industries.
In June 2016, the Tyson Foods plant in Chicago was bought by OSI for $7.4 Million. Covering over 200,000 sq. ft., this allowed them to expand business growth alongside the existing OSI plant nearby.
“This facility enhances our capabilities to meet the rapidly evolving needs of our customers,” said Kevin Scott, senior executive vice president, OSI North America. “We are excited to have this facility as part of the broader OSI manufacturing network.”
Later, in August, OSI continued their plan to expand their presence in Europe by acquiring a controlling stake in Dutch company, Baho Food, which operates plants in Germany and the Netherlands, serving over 18 European countries.
David G. McDonald, President and Chief Operating Officer of OSI, said “Adding Baho Food to our OSI Europe business gives OSI a broader presence in Europe. The company’s portfolio of products and brands complements OSI’s current processing strengths while broadening our capabilities to best serve the evolving needs of our customers.”
John Balvers, Managing Director of Baho Food, will remain with the company along with his entire management team, and work with senior OSI Group leaders to implement a future plan that will best position the combined business for longer term growth.
“I am excited about becoming part of the larger OSI Group,” Balvers said. “OSI has outstanding relationships with both its customers and suppliers. Baho Food, as part of the OSI Group, will be well positioned to leverage on the experience and capabilities of OSI. With our combined strengths we will be even better able to support our customers in realizing their strategy and offer them a broader product portfolio. This transaction will accelerate our growth strategy and support us in jointly realizing our goals.”
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