In almost every industry, people can find a leader and innovator who defines the entire industry advancements and growth. The innovators set themselves by example and stand apart from others in the same industry. While considering the food processing sector, OSI Group defines the movements of the industry with its aggressive growth strategies and innovation. Interestingly, it is a food and meat processing firm with more than a hundred years of unique service in the industry. The growth strategy and innovation of the company can be defined as a two-step process: its expansion plans across the world and acquisition plans to bring diversity into the group.
In the early 1980s, OSI Group only had the presence in North America. Later, it started quick expansion plans that saw the firm creating its branches across the globe. Today, it has operations in at least 17 major economies around the world and operates nearly 65 facilities to ensure uninterrupted supply of its product lines. Interestingly, it offers a wide range of products including hot dogs, bacon, meat patties, poultry, fish, pork, pizza, dough products, and vegetable products. The firm is one of the regular suppliers of Pizza Hut, Papa John’s Pizza, Subway, Starbucks, and more.
While coming to the acquisition strategy, the firm began the efforts from the late 1990s. It completed numerous transactions in all the major countries it is operating. One of the latest acquisitions includes the purchase of Baho Food, a food processing firm based in the Netherlands. The acquisition took place in mid of 2016, and Baho was operating in at least 18 countries by its five subsidiary firms at the time of acquisition. Interestingly, the acquisition ensured that the OSI Group is significantly expanding its presence in the European region. Apart from that, the transaction also helped the firm to diversify the product portfolio from it – one of the major goals of the firm.
Another major purchase during those days by OSI Group was the acquisition of a food processing plant owned by Tyson Food Plant, one of the leading food processing firms in the United States. The plant was established in Chicago, and it was a 200,000 square feet facility with an added storage warehouse. Interestingly, the deal helped the firm to ensure infrastructure support for its business growth in the country. The firm won numerous awards and accolades in the past for its highest quality services in the industry, including the British Safety Council Award 2016 for excellent management of different types of environmental risks.