As a leader in the food processing industry in America. OSI Industries has come to the attention of the need to serve the fast-growing processed food market especially in other parts of the world. This realization saw the management of the company embark on a particularly ambitious project that is aimed at helping them expand into other markets overseas. But before getting to the overseas markets, OSI Industries has come up with plans to first reinforce presence in the local market.
To serve local markets fully, OSI Industries began by acquiring, Tyson Foods, a food processing plant based in Chicago. According to a spokesperson for the company, acquiring the facility will satisfy the quest of OSI to achieve business growth both locally and internationally. Tyson Foods comes with a line of products that include beef items like hamburgers, vegetable products, poultry, pork items, pork, hot dogs and meatballs. OSI Industries has been in the food business for over a century, and with these many years has come useful experience that is critical to ensuring the company manages its growth strategy smoothly.
Getting into Europe
Satisfying local expansion was not enough, so OSI Industries also came up with plans to go beyond the boundaries of America. Their first place to go was in Europe, where the company acquired several businesses. One of the businesses acquired in this chase for expansion in Europe is Flagship Europe, whose line of products includes dips, marinades, frozen poultry, dressings, and sauces. The president of OSI, David McDonald argued that the acquisition of Flagship Europe would help create a stronger presence across the continent since the company runs several subsidiaries.
Second to get acquired by OSI Industries is Baho Food, which owns five subsidiaries with platns in Netherlands and Germany, giving the company access to markets across 18 European nations. In most of the acquisitions, OSI Industries made sure the top management and workers were retained to facilitate a smooth transition process. These steps have allowed the creation of a broader perspective for its products.
More about OSI Industries
After serving in the food processing market for more than one century, OSI Industries is one of the best companies in the industry. Its local strategies have helped the company expand its reach, and now it is working on getting to other markets across the world, which would help it achieve its expansionary goals that target placing it among globally competitive brands in food processing.
OSI Group Info: www.forbes.com/companies/osi-group/