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OSI Group Recent Acquisition of Tyson Food Facilities

OSI Group recently acquired the former Tyson Food storage warehouse and processing facility in Aurora, Illinois. The 200,000 square foot Chicago facility in the Back of the Yards neighborhood is close to the already existing OSI buildings. According the Cook County Recorder of Deeds, the purchase price of the facility was $7.4 million. Many of the nearly 250 Tyson employees who remained under their employment at the time of the purchase were offered positions by OSI Group. There were 480 employees of Tyson at the time they announced the pending shutdown.

OSI Group is a food processing company based out of Aurora, Illinois. Considered a world leader in supplying other businesses with quality food products, OSI has received multiple awards including the British Safety Council Globe of Honor Award presented in 2016. The privately held company processes a variety of meat products, including bacon, meat patties, hot dogs, fish, breakfast sausage and more. OSI started out as a small neighborhood meat market.

A German immigrant named Otta Kolschowski began the company in 1909. It started the journey to be the vast company it is today after OSI began supplying the McDonald’s franchise with meat burgers. Later the company expanded into other chain restaurants including such names as Papa John’s Pizza, Starbucks, and Subway.

A statement from the office of OSI Group said the newly acquired property will be used to support continued business growth. The annual reported income of OSI exceeded $6.1 billion operating 60 plus facilities in 17 different countries employing around 20,000 people. Several of those facilities are located within the United State providing quality employment throughout Illinois, as well as others states including Utah, Wisconsin, Iowa, and California. According to Forbes, the OSI Group is number 58 on the list of largest private companies in America. The successful acquisition of the Tyson Food Plant will help OSI to meet the needs of their manufacturing network.

 

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