OSI Group is one of the biggest food production companies in the world. From its humble beginnings as Otto & Sons, OSI has grown into a multinational corporation with twenty thousand employees working at over 60 facilities in 17 countries. In 2016, Forbes ranked OSI the 58th largest private company in the world with a net worth of 6.1 billion.
OSI Brokers A Deal With McDonald’s
OSI Groups first big break came in the mid-1950’s when Otto & Sons brokered a deal with McDonald’s to become a regional supplier to their growing network of chain restaurants, opening primarily throughout the Midwest until 1960. By the late 1960’s, Otto & Sons experienced significant growth primarily due to the new technological breakthroughs experienced in cryogenic freezing using liquid nitrogen. Until the 1970’s, OSI, formally known as Otto & Sons, was one of over a hundred meat suppliers feeding the McDonalds supply chain. By 1973, Otto & Sons became one of the only four food suppliers to McDonald’s.
Read more: A Century of Innovation at OSI Group
Diversification Of OSI Group’s Domestic Market
By 1994, OSI Group; the company was formally known as Otto & Sons, had expanded their market into other areas besides meat and poultry. In 1994 a deal was brokered between OSI and Nation Pizza and Foods which expanded OSI’s product selection to include bacon, sausage, and franks. The poultry processing business, Moy Park, was acquired by OSI in 1996. This acquisition would mark a series throughout Europe which provided OSI Industries portfolio with a significant degree of diversity. With the opening of their new factory in Geneva, Illinois in 2012, OSI Industries expanded their product line to also include frozen entrée items.
The Future Of OSI Group
Moving forward, the current COO of OSI Industries David McDonald will continue to incorporate a strong element of sustainability and research into OSI’s corporate philosophy. Quickly adapting to governmental changes within the food supply industry means OSI will have a competitive edge over their competition. With regional supply chains all over the world, OSI Industries are forced to adapt to the environmental changes enacted by the countries in which they operate.
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