Mergers and acquisitions by OSI Industries
OSI group in the recent past has grown very rapidly to become one of the world’s food manufacturing companies. Currently, the company is operating about 65 facilities in over 17 countries. The company has over 20,000 employees in their payroll. Subsequently, the company thereby ranks top on the list of the largest private companies in the United States.
Many retail outlets and restaurants have been said to leverage on OSI Company’s reputation to pull more customers into their businesses. As such, OSI industries have been able to penetrate into the market and are currently upping their game by producing more value added products. OSI over the years has been able to secure food prices for the most superior products in the market. Having been able to come up with quite a wide range of foods with superior, it’s not likely that another company might be taking their space soon.
In the recent past, OSI industries has been entering into joint ventures with many processing companies and poultry outlets. This has increased their overall ability to reach many more people around the globe in North America. There also have been one great merger with an Australian company known as Turi. Turi is also one of the largest foods value addition chains in Australia. By blending different foods and cultures the merger group has been able to increase their customer base to a great extent.
Independently, OSI has been able to bring on board lots of facilities in China and India too. In the Philippines, OSI has a partnership with GenOSI. This partnership has also increased its involvement in the poultry industry in Europe through mergers with local companies.
The company also merged up with a Spanish outlet and came up with a food processing facility in Toledo Spain. This partnership is said to have cost OSI industries about 17 million euros. The existing facilities production doubled from 12000 tonnes to about 24000 tonnes creating many more different products. The capital pumped into the industry improved beef, chicken and pork production greatly. In the past couple years, there has been increased consumption of products by OSI industries and other related companies due to improved qualities. OSI will continue setting pace in the food industry by merging with local industries in different parts of the world. This way, OSI is able to understand the needs of local communities as well as make custom food products for them.