OSI Group and their efforts to expand their presence in multiple markets across the world keep going strong. While they may have been receiving a lot of attention for their acquisitions and expansions on an international level like their purchase of Baho Foods, their growth in the United States has been just as impressive. The company has been around for around 100 years and its headquarters is close to where it all began in Chicago, Illinois.In 2015, Tyson Foods announced that they would be closing down their facility on Ashland Avenue in Chicago in October of 2016. When OSI Group heard about this closure, they approached the company about purchasing the plant so they could start producing their own quality food products there.
Tyson agreed to sell the factory for $7.4 million and was able to save many of the jobs that were scheduled to be lost once the factory shut its doors.There are other OSI Group facilities located around the plant in around the area of Chicago. The facility that was purchased measures approximately 200,000 square feet which will help them enhance their capabilities. OSI believe that this move will be good for both their customers, company, and the former employees of Tyson. The announcement of the purchase was made on June 8, 2016. Tyson went on record stating that they were closing the factory because they were having problems keeping up with the changing demands of their customer base product.
They had previously produced foods like crepes, omelets, tempura chicken, and soups for the hospitality industry. Tyson still owns and operates 2 other plants in the greater Chicago area.OSI Group has 60 plants in countries throughout the world. The company is privately held and makes many different meat products like bacon, sausage, chicken, and beef. One of the products they are best known for is the hamburger that they supply for the international food chain McDonald’s. The business started in Chicago as a German immigrant-owned butcher shop that managed to grow into the global phenomenon that it is today. The company is excited to be able to include this plant within their company.
Sources of the article : https://www.forbes.com/companies/osi-group/