OSI Group the biggest food processing company in the world has been looking at ways of expanding its business operations to many places around the globe. The company has been applying the method of acquisition to deal with this issues. Instead of starting their food plants in other countries they have been buying already existing businesses which have goals similar to the ones OSI Group has set. In the last two years, the company has invested heavily in buying companies in foreign land especially in Europe. They have not only expanded their reach to another continent, but they have also invested locally.
In Chicago just near their main offices, they have acquired a processing plant that was formerly owned by Tyson Foods for its processing purposes. The 200 thousand square foot plant has been purchased in anticipation of business expansion in the near future. OSI Group has also gone to another step and has built seven new plants in various parts of the globe. The management of OSI has set its eyes on attracting a huge number of customers to their side. According to a report that was published by Forbes, OSI Group is the biggest privately owned Food Company in the world.
In Europe, OSI group has acquired one of the big players in the food industry called Baho Foods. Baho is a Dutch company that has processing plants in Netherlands and Germany. It is made up of 5 subsidiaries which supply food to about 18 countries in the region. The acquisition of Baho foods will assist OSI group to penetrate the European market easily. The deal to acquire Baho will accelerate the growth of the American company since this is one of the areas where there is a huge consumption of processed food products. In the agreement that was signed between Baho and OSI Group, the management of Baho will be retained and will be the one to run the operations of ISI Group in the area.
About David McDonald
David McDonald is the president of the company. He is the person behind the expansion efforts the company has been making. The group is aiming to increase its market presence all over the world. It is hoping that by acquiring established companies in various parts, they will have an easy time penetrating and getting acceptance from the customers. David worked as a project manager for this company before he was promoted to be the president.