With over 100 years in the food industry, OSI Group is not a typical company by any means. Despite its very large size, this food-oriented retail and service company is privately owned and continues to operate like a small business. At the same time, by having partners with roots in their communities, it has been able to retain its local touch despite of having manufacturing facilities all over the world. This, in addition to the high quality of their products, is the reason many leading brands all over the world regard OSI as their most important global food provider.
Further confirming OSI Group’s importance in the food industry, this year the company was added to the Top 100 Food and Beverage Companies annual list by Food Engineering magazine. At number 66, the company is brand new to the list. However, the reasons why it deserves being on it are evident. All 100 companies included have certain attributes in common: Transparency, prioritizing the consumer and providing healthy products are among the most important. Propelled by these values, OSI Group has grown from a small local food company to a multibillion dollar enterprise that has locations in 16 countries. With plans for further expansion to other locations underway, that growth is expected to continue.
Another fantastic achievement OSI has had in 2016 has been getting on the Forbes list of 100 Largest Private American Companies. This speaks to the company’s compromise to resist becoming public in order to maintain its ethical vision while, at the same time, running a successful model of business that makes continuous growth possible. Listing an annual revenue of 6.1 billion dollars, OSI Group has proven its value even during times of general economic uncertainty. Not without merit for these accomplishments is Sheldon Lavin, the Chairman And CEO of OSI Group who was described by Forbes as being instrumental the company’s astonishing surge over recent years.
It is also worthwhile noting that OSI Group has acquired Dutch manufacturer of convenience foods, deli meats and snacks Baho Foods. According to president and chief operating officer of OSI Group David G. McDonald, this important move has the objective of giving the company a broader presence in Europe. Located in various parts of Germany and the Netherlands, Baho Foods counts with five subsidiaries that include multipurpose processing plants. Considering Baho provides food service and retail for 18 European countries, it is clear that OSI Group has a concrete plans for its future expansion. At the same time, this transaction plays into the company’s successful strategy of gradually broadening its product portfolio, benefiting customers and boosting its growth over time.