Osi Group has grown from a small butcher shop to a worldwide recognized meat processor since its foundation over more than 100 years. Otto was the founder of the firm in Chicago. The company has grown since then and now has over 65 locations in different regions of the world. The company has grown tremendously and Sheldon Lavin hopes the new Acquisitions will help the company dominate meat market sphere. Lavin hopes the company will grow further not only through the acquisitions but also by investing in innovations such as on food security measures, sustainability as well as better food safety.
Acquisitions and other Ventures by OSI
In 2014, OSI Group under the leadership of Sheldon Lavin entered a venture with Pickstock from the UK. The venture gave an opportunity to OSI to penetrate into the European market especially on supply a distribution of beef. On the other hand, the joint venture gave Pickstock an opportunity for growth. Osi also entered another venture with Select Ready Foods from Canada. Select Ready deals with beef, pork, and chicken production. Another joint venture was with EDEKA in Germany. EDEKA is a popular supermarket in Germany. The two deals enabled expansion of market base for meat products from OSI in both countries.
In 2016, OSI acquired Tyson plant for about $7.4 million. The plant in Chicago is convenient for Osi and has over 200,000 square feet which offer abundant storage as well as allow growth for further meat production. Still, in 2016, the group acquired a majority shareholding in Baho Food. Baho is a Dutch company which produces and supplies meat products in the Netherlands as well as Germany. OSI hopes the deal will expand continental reach in Europe. Also in 2016, the group acquired Flagship Europe, which distributes a variety of frozen meat products throughout Europe as well in the U.K. OSI Group also acquired Hynek Schlachthof GmbH, which is a slaughterhouse in Frankfurt. The firm offers a strategic and accessible location for distribution of meat and other products in Germany and the rest of Europe.
About Sheldon Lavin
Sheldon is the chief executive officer as well as the chairman of OSI Group. Under his visionary leadership, he has propelled expansion of OSI Group. India Vision World Academy recognized his efforts in an expansion of OSI and they presented the Global Visionary Award for the year 2016. In a recent interview, Sheldon Lavin emphasized he hopes the company will become a global leader in the food industry while producing sustainable products.
Sheldon Lavin’s Facebook Page: www.facebook.com/public/Sheldon-Lavin