Recent statistics by the Forbes indicate the OSI group has a total revenue of $ 6. 1 Billion. The company mainly specializes in Drinks, Tobacco, and Food. They used to initially operate in the United States of America, but they have gone overseas. The firm operates in several continents including Europe and Asia. The company was initially founded in the year 1909 by a German immigrant. The current CEO is Sheldon Lavin while the CFO is Sherry DeMeulenaere. At the end of this fiscal year, the Forbes estimated that OSI Group had an employee base of about 20,000 employees across the whole globe.
The company has maintained its corporate headquarters at Aurora in Illinois. Just sometimes back, this manufacturing giant managed to acquire the Baho Food Industries that used to operate in the Netherlands. This company used to deal with convenience food as well as serving snacks and deli meats. The president acknowledged that the acquisition of this company was a strategy to conquer Europe and also expand its global strategy.
This acquisition will see the OSI group acquire all the five subsidiaries of Baho food that were located in Germany and the Netherlands. The five subsidiaries include Vital Convenience, Henri van de Bilt as well as Q Smart Life as well as Gelderland Frischwaren and Bakx Foods. The OSI Group announced that the Baho Food would keep its management and executives while some of the strategies being used are likely to change.
OSI deals with a variety of products that include dough products, pork, fish, poultry, hot dogs, bacon, patties as well as pizza and vegetables. The firm has been awarded several times for obeying the environmental conservation rules. To understand the dominance of this firm, the firm continues to supply Western food chains working in the Far East with several products. Some of the beneficiaries of their products in these countries include Papa John Pizza, Pizza Hunt and the Starbucks and Subway.
Related: OSI Group Acquires Flagship Europe
As of today; the Forbes has shown that OSI Group has over 65 facilities that are found in 17 different countries. Other than the headquarters, the OSI Group has notable offices in one of the following areas. There are offices in Riverside California, Fort Atkinson in Wisconsin as well as West Jordan in Utah. They also have plants in other areas such as West Chicago and Geneva in Illinois and other offices in the Asia-Pacific region.
OSI Group was ranked number 58 of the largest privately owned companies in the world by the Forbes magazine in the year 2016.
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