OSI Group is a company that has a long and awesome success story. It depicts the economic transformation for the past one century. Following, its story-line reveals the challenges and the turns of the economy. OSI Group conformed to the prevailing conditions all the time.
Its history started in 1909. A German immigrant living in Chicago began a meat retail business two years after he landed in the country. The meat business was supposed to offer meat products to the local people. The business however performed well in the first decades such that it became a wholesale business. It was named Otto & Sons, after the founder and his two sons who he had added into the management of the business.
Otto & Sons picked in the middle of the century. The McDonald’s opened its first business in Illinois. They needed suppliers for their operations. Otto & Sons were picked as one of the suppliers. Since they were chosen right at the beginning of the company, they build a good working partnership and led to retention as the key suppliers when McDonald’s grew so much and needed to streamline its supply business, Otto& Sons was picked as one of the four main suppliers.
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The demand that was coming from the McDonald’s was huge, and the company kept on growing further. In the 1970’s they were in need of financing since there was too much demand that they could handle. They needed to add facilities that could allow them to produce more and supply. They approached a bank that could help them with the financing issue. The bank they approached is where Sheldon Lavin, the current chairman and CEO of the OSI Group, was working. Sheldon Lavin facilitated the financing of the company. He made sure that the company achieved the goals it has set out to accomplish, they built a production plant that would serve the McDonald’s only.
OSI Group is now one of the key businesses in the world today. Its operations have expanded to over 17 countries and keep on getting larger. The current leadership intends to grow the company to every country in the world.
Find more about OSI Group: https://www.wattagnet.com/articles/27248-osi-group-buys-former-tyson-foods-plant-in-chicago