Since its foundation, the OSI Group has been gradually transforming its business while expanding to other parts of the world. Through franchises and strategic alliances, the company has increased the number of operational facilities around the world. In the US, OSI Group recently acquired Baho Food by buying the controlling stake at the company. Being a manufacturer of snacks and other fast foods, Baho Food would give the OSI Group an opportunity to expand its control in the US food industry.
The strategic acquisition of Baho Food would also give OSI an opportunity to expand to other parts of the world. Baho Food has subsidiaries strategically located in parts of the world such as Germany and Netherlands. The company would give OSI an opportunity to gradually gain grounds in the new European markets. Also, the company targets reaching out to more customers by expanding its products range, especially products that are maintained by the Baho Food Company.
Earlier in 2016, OSI Group also acquired another European giant food company, Flagship Europe. The acquisition gave the company the ability to penetrate further the European food business. OSI, after the acquisition, opted to rebrand the Flagship Europe Company to Creative Foods Europe. Creative Food deals with products such as salad dressings and sauces. It would, therefore, give the company an opportunity to further expand its products range while reaching out to more customers.
In Spain, OSI purchased an exceptional food facility in 2017. The facility, located in Toledo, gives OSI the ability to increase its chicken processing and handling capacity from 12,000 tons to 24,000 tons on an annual basis. The increased handling capacity would give OSI the ability to serve a wider market in tandem with the demand in Europe. OSI Food Solutions in Spain also gives the company the ability to expand its products base to include pork as well as beef products.
Besides the acquisitions, the company continues to strengthen its bonds with the existing businesses while improving on customer service. Part of the most recent transformations includes the development of better food processing and storage facilities. The company’s president, David McDonald, has been expediting the company’s growth and expansion as a way of setting a new pace for growth in the competitive food industry. Through new product developments, OSI Group is bound to attract new markets while adding new jobs to the market. To know more about the company click here.