OSI group is one of the largest privately owned companies in the world, valued at $6.1 billion by Forbes as of this year. The US-based company deals with food supplies, especially meat processing. Among its products are beef patties, bacon, hot dogs, pizza, fish, pork, poultry, and vegetable products. OSI Group has locations and plants in various parts of the country, with some of them located in Chicago, Geneva, Oakland, West Jordan and Riverside. The company’s international headquarters are based in Aurora, Illinois.
Other facilities of the group are in over 15 other countries around the world. The company serves both Foodservice and retail customers. One of the company’s biggest customers is China, where the company markets its products to outlets such as subway, Pizza Hut, and Papa John’s Pizza.
Background of the Company
OSI began as a small family business by Otto Kolschowsky, a German immigrant who moved into the US in 1907. Kolschowsky opened the business in 1909 and eight years later expanded the business into a wholesale outlet. During the years following its opening, the company gained the reputation for offering top-quality meat products. The company’s first major break came in 1955 when Mc Donald’s chose Kolchowsky’s meat supply to provide meat to them. McDonald’s became Otto&Sons’ leading customers, and this fostered the rapid expansion of Otto’s business. By 1973, Otto&Son’s had acquired specially developed patty-forming machines and liquid-freezing tunnels. The company installed these devices in its new high-volume meat plant in West Chicago. In 1975, the company adopted its current name OSI Industries. From then onwards, OSI Industries served as the exclusive supplier to McDonald’s. This lucrative deal led to a period of prosperity for OSI. By the year 2011, OSI Group was already generating annual revenue of $3 billion and was among the top 200 largest private companies.
Current Expansion Activities
Over the years, OSI has acquired several other food supply groups. One of the most recent acquisitions was the Tyson Foods plant on South Side. This year, OSI Group, LLC purchased Baho Food, a manufacturer of convenience foods. The acquisition of the Dutch company afforded OLC Group greater presence in Europe.
OSI continues to deliver top quality meat products to its customers. The company has been the recipient of numerous awards including awards for management health and safety risks. The company has also received recognition for its excellent environmental governance. Recent acquisitions point to a brilliant future to the large meat supplier.