OSI Group, formally known as Otto & Sons, has gone through many changes throughout the decades. The world has grown in more ways than one and staying relevant means that a business must evolve with the times. OSI Group has certainly practiced what it has been preaching as this food service provider has reinvented itself to meet the demands of a growing society. The company has branched outward into new territories. By branching in an outward motion, the company has been able to reach untapped markets that were once off-limits. The foodservice giant has factories and facilities in Germany, in Poland, in Austria, in Canada, in Brazil, in the Netherlands, in Ukraine, in India and in numerous other countries.
This phenomenal company started as a corner meat market, but it is now an international wholesaler for a variety of food products. Thanks to the brilliance of CEO Sheldon Lavin, the company has been able to successfully acquire many of OSI’s competitors. Flagship Europe was one of its biggest acquisitions as this food provider offers a wide range of marinades, dips, sauces and frozen goods. Thanks to this proficient business move, the company has been able to broaden its presence in Europe. This acquisition took place in 2016, and by 2017, OSI had rebranded Flagship Europe into Creative Foods Europe. As the old saying goes, “you’ll have to spend money to make money.” This notion rings true on many levels and OSI Group has personified this notion to the fullest.
In 2013, OSI made a joint-venture deal with Japanese company JC Comsa. In 2012, OSI launched two state-of-the-art facilities in India. Rapid growth has been happening much faster than the company could ever have dreamed. To expand on its capacity for growth, the company purchased Tyson foods’ Chicago-based plant for $7.4 million. All in all, OSI Group is reshaping the foodservice industry, and it’s changing the status quo.