OSI Industries made a major move to strengthen its North American and United States presence with the acquisition of a massive former Tyson Foods plant. The plant is several thousand square feet large and formerly was one of Tyson’s largest producer and distributor of poultry products and meat products in the North East. The Tyson Food plant is located on the South Side of Chicago and employed nearly 2,000 people, many of which had been with the company for decades. The area where the plant is located is moderately depressed and good jobs with great benefits are often hard to come by. This would have been a devastating announcement for thousands of employees in Chicago’s Southside area. However, OSI saw what incredible value that plant had, along with the Tyson name. OSI Group swept in at the last minute and purchased the plant, allowing the majority of the employees to keep their jobs. Similar to how OSI Industries operates, the Tyson house has several smaller sub-companies, many of which are some of the top names in meat and poultry in North America and beyond. OSI acquired the plant for $7.4 million and will retain the majority of the employees.
OSI Industries also recently grew its global portfolio with the purchase of Baho Food. The Dutch company is a household name in the Netherlands. However, it also has a massive European reach and continues to grow on an annual basis. Both of these facts have made Baho Food an incredibly attractive acquisition for OSI Group. Similar to OSI Industries, Baho Food prides itself on offering the highest quality of value added protein sources, such as poultry, meat, sausage and a variety of custom meats.
OSI Industries has been named as one of the top companies that is privately held and distributes value added protein products in all of the United States. The company has also been singled out as one of the top producers of meats and poultry due to the fact that is has many custom offerings. OSI Industries works with a variety of industries, from restaurants to even fine dining locations. The company has an entire division that focuses solely on meeting with these restaurants and retailers to create custom meat products that can then be distributed in everywhere from restaurant chains to grocery stores. This is essential for businesses as the consumer’s needs continue to evolve seasonally and as trends in dining needs vary.
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