The year 2016 is gradually coming to close and now is the right time to review the performance of food and beverage companies with a view to fixing them where they belong in the hierarchy of companies with outstanding performance. The assessment done goes beyond national boundaries; it is a global appraisal.
Among the few companies that make the top 100 list for the year is OSI Group. It occupies the 66 position. OSI is an Aurora-based processing food company. It makes a wide range of meat products such as bacon and breakfast sausage including products for retail brand and other food services. It has to its credit well over 60 facilities in 16 countries.
The emergence of OSI among elite food and beverage companies is no accident; at least three concrete factors among many others aided its rise. First is its Chairman and CEO, Sheldon Lavin. This is followed by its acquisition of former Tyson Foods plant, and also its purchase of a controlling stake in Baho Food. We shall be looking at these factors in greater details.
Without mincing words, OSI would not have attained its present height without the unrelenting effort of Chairman and CEO, Sheldon Lavin. He took the company from the status of a domestic food firm to the enviable class of a multi-billion global food processor with 60 locations spread across 16 countries. His astute business competence was appreciated with a Global Visionary Award issued by India’s Vision World Academy.
Could this recognition be the reason for the accelerated and rapid growth taking place in OSI in recent times? Or how else could one explains OSI’s acquisition of a storage warehouse and food processing facility in Chicago shortly after the award presentation? Whatever the answer, whether a yes or a no, the good thing is that the company is better for it. OSI North America senior executive vice president, Kevin Scott, seems to answer these questions this way: “This facility enhances our capabilities to meet the rapidly evolving needs of our customers.”
The company appetite for expanding its processing strengths seems insatiable. No sooner had they concluded that acquisition of the Chicago facility did it went on air that Baho Food is now among their ever increasing list of assets. This is a big catch considering the fact that Baho Food already has almost 60 years experience in the business of selling a wide range of delicious meats, snacks and convenience foods to customers across a total of 18 European countries.
What more can be said? No doubt, OSI is following the path way of most of the top 100 players in the food and beverage industry that now put customers first and promptly address the challenges that come as a result. The company has thus shown that it is ready to keep paying the price for an enviable place among the elite companies in the industry for many years to come.