OSI Group is a major food processing player, operating in more than 17 countries. They started as a small business-owned company and quickly grew into a global player in the food industry. Most recently, the company merged with Turi Foods, which should give both companies hire profits and many other benefits.
Brief History Of OSI Group
OSI originated in Oak Park, Illinois, founded by the many named Otto Kolschowsky. He then transferred the shop to Maywood (which is another Chicago suburb.) The company changed the name to Otto & Sons: at that time, they very very respectable, enjoying the trust of many Chicago customers. In fact, it was OSI Group that partnered with the first McDonalds, which was opened in Des Plaines, Illinois in 1955. 1973 was another critical year for OSI, which was the period when they opened their first massive food processing unit. Interestingly, that was when (1973) the company chose the new name: “OSI Industries.”
OSI Group went through significant expansion process within 26 years, between 1990 and 2016. They partnered with several major food corporations, such as with Alaska Milk Corporation; together, they created the GenOSI company.Then they moved on to new markets: first in India, then Europe. After their global expansion, the OSI focused on the domestic market. But they didn’t remain neutral for an extended period.
Merger With Turi Food
Turi And OSi merger was a 50/50 deal between the two major food companies. The companies said that the merger made sense, do to the shared culture and philosophy. Both companies emphasize efficiency: one produces, and the other distributors.Naturally, the profits should grow for this newly founded company only if the quality remains. The president of the OSI group, David G. McDonald, said that this merger would allow his company to broaden its services to even more countries. The companies have facilities in Thomastown and Geelong, as well as in Broadmeadows (both in Victoria.). Both companies agree that, if they play the right cards, cards that are based on trust, teamwork, and communication, they will profit from the merger; all they have to do is to maintain their reputation and top quality product. Easy, right?