In the past three years, OSI Industries has been busy working on a plan to expand into other markets and reinforce its presence in the local market. A lot of activities have graced this ambitious decision, and amid the activities have been acquisitions executed to take over other businesses both locally and in overseas markets. The top management of OSI Industries in its wisdom decided instead of coming up with new businesses entirely, they would expand by acquiring others that are already established then patching them up to perform better and become an authority in their local markets.
To start executing this plan, OSI Industries located expansion opportunities locally and the first to come their way was Tyson Foods, which the company bought at $7.4 million. Tyson Foods has been offering different products including beef items, pork items, vegetables, hot dogs, and bacon. OSI Industries acquired the company at a time its performance was not at its best, and immediately they embarked on a project to revive it, which seems to have started to flourish.
The next project after dealing with local expansion is going to markets outside America. Europe was the starting point identified, and to get there OSI Industries acquired Flagship Europe, a company that offers several products including sauces and dressings, frozen poultry, sandwich fillings, marinades, and dips. This acquisition is believed to create a broader presence in Europe since Flagship Europe runs a number of subsidiaries. In addition to the acquisition of Flagship Europe, OSI Industries went for Baho Food, which also controls a number of subsidiaries in 18 European countries.
When OSI took over Baho, it also got the benefit of retaining the top management and its managing director as well as employees. The company has been working to reach its new targets of building a broader product portfolio that would also include reaching new customers. Most of the projects launched in the expansionary strategy are returning positive results and OSI Industries foresees a growth that will place the company in the map as a globally completive player in the food industry.
More about OSI Industries
Founded as a food processing company over a century ago, OSI Industries is now among the most established food processing and distribution companies in America and across the world. Its quest for a top status has seen the company embark on a project that is helping it grow into other markets.
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