OSI industries is a privately owned food and meat processing company in America. The institution focuses on the food and meat retail service with global headquarters based in Aurora, Illinois. The company operates more than 65 facilities which are in 17 countries. In 2016, the company purchased Baho Foods, which is also a major food distributor.
In this current universal economy, institutions of different categories are beginning to settle for foreign market operations in the world of business. Such kind of international expansions have seen both the institutions and the alien countries have potential advantages such as better opportunities in the expansion of and development. These type of expansions in global market is catching up with the trend. OSI Industries enjoys its dominance to be the best company to deduce the kind of trend. This is one of the reasons OSI made a purchase deal in the acquisition of the Dutch meat processing firm, Baho Food, the firm that has operated different markets for many years, globally.
The acquisition of Baho Food
In 2016, OSI Industries acquired the Dutch food manufacturer, Baho Foods with the aim of achieving its expansions plans. The company has always engaged in the supply of snacks, deli meats, and convenience foods. During the acquisition, OSI Industries Chief Operating Officer, David McDonald, noted that the acquisition will help OSI Group get a wider presence across Europe. Baho Foods has brands and products that complement the processing strengths of OSI.
Baho Foods is not a small company; it has five different subsidiaries which are spread across Netherlands and different parts of Germany. The company’s managing director, Mr. Balvers, noted that the acquisition will help the company to grow its wings owing to the fact that OSI Industries has excellent relationships with its suppliers and customers.
OSI has engaged in series of acquisitions in order to reach diverse target markets. Its announcement to acquire Baho Foods followed immediately after it made the public aware of its intentions to purchase Tyson Foods, another production firm that is based in Chicago. More acquisitions are expected in the coming years.
Their LinkedIn Profile: https://www.linkedin.com/company/osi-industries