OSI Group, the world’s premier producer of processed foods, bought the former Tyson Foods plant in Chicago, continuing a period of expansion that has seen the company acquire numerous ventures in Europe and North America, while in the process saving up to 250 jobs that were in danger of being lost following the plant’s scheduled closing.
The 200,000-square foot facility operates in close physical proximity with a number of OSI facilities in Chicago, a fact that proved critical to the company’s decision in acquiring the plant. In a press release, senior executive vice president for OSI North America, Kevin Scott, said, “This facility enhances our capabilities to meet the rapidly evolving needs of our customers. We are excited to have this facility as part of the broader OSI manufacturing network.”
Prior to the plant acquisition, OSI Group had overseen the launch of numerous new ventures or acquisition of existing facilities and enterprises in countries such as China, Germany, The United Kingdom, Poland and Canada.
OSI Group was founded as a meat market in 1909 by Illinois-based German immigrant Otto Kolschowsky. The business quickly broadened offered services to include wholesale meat delivery under the name Otto & Sons, and underwent rapid expansion that saw it in 1955 claim McDonald’s as a client, having being contracted to deliver fresh ground beef to then-emergent company. OSI began operation of its first meat plant in Chicago in 1973, and now operates more than 60 facilities in 17 countries, while boasting over 20,000 employees worldwide.
The Aurora-based organization produces a variety of items for the restaurant, hospitality, and retail industries, ranging from meat and fish products, to dough products, baked goods, fried foodstuff and packaged fruits and vegetables. With an annual revenue of more than $6 billion, OSI Group is one of the United States’ largest private companies, with its status as such being reflected by numerous appearances on the Forbes’ list.
Read More: www.forbes.com/companies/osi-group/