OSI Group is the leader in the food processing industry with presence across the globe. It has significant business in all the major economies, excellent range of product portfolio, and an enormous number of customers on the list. Since the firm decided to go for a global expansion in the early 1980s, it was storming across the globe and expanded its product diversity quickly. OSI Group was listed as 58th in the Largest Private Companies in America list prepared by Forbes in 2017. Forbes noted that the Aurora-based company made a revenue of $6.1 billion in the fiscal year ended by December 31, 2016. It also added that the firm which founded in 1909 has over 20,000 employees.
With its high-quality product portfolio, excellence in the processing, best-in-class delivery, and more, the firm has won many industry recognitions and awards. In 2016, the OSI was chosen as the winner of the Globe of Honor Award from the prestigious British Safety Council. The Council has noted that the firm could showcase excellent management of environmental risks. In order to get the Awards, OSI surpassed the audit scheme of the British Safety Council by end-to-end environmental management. The award is also considered as the certification for top-notch quality and safety.
OSI Group is also known for right market strategies to diversify its product portfolio and expand the business across geographies. Acquisitions were one of the best tools used by OSI to go beyond borders and add more product offerings. Especially after 2000, the firm completed numerous acquisitions across the world that gave it a significant presence in all the major markets. In 2016, the firm made a significant acquisition that helped it to expand its presence in Europe. OSI Group announced in mid-2016 that it acquired Baho Food, a prominent maker of convenience food from the Netherlands.
Interestingly, Baho was operating in 18 major European countries under five subsidiaries. It had processing plants in the Netherlands and Germany. While declaring the transaction, David G. McDonald, the CEO of OSI Group, confirmed that the deal helped the firm to increase its processing strengths to serve the demanding customers of Europe. In the same year, OSI also acquired a food processing plant, including a warehouse, of Tyson Foods in Chicago. The deal worth $7.4 million was closed in June 2016. The takeover that included nearly 250 employees of Tyson was deemed to ensure the infrastructure support for the growth missions of OSI Group in North America.