OSI Industries: One of America’s Most Successful Privately Owned Companies
OSI Industries is one of the largest privately-owned companies in the United States. It was ranked number 136 by Forbes in 2011. By 2016 the company had risen to number 58. OSI Industries also received the Globe of Honor award that year. The honor is given to recognize those organizations that put safety as a forefront policy in their operations. OSI enforces a specific standard that in every aspect of company operation.
OSI Industries continues to expand. It has made several purchases which diversifies its influence within the food manufacturing industry. Tyson Food Group was a local acquisition bought for 7.4 million dollars. Tyson was facing the dilemma of closing its doors and letting go of hundreds of employees. OSI Industries was able to make the purchase and save those jobs. An estimated 400 or more kept their jobs. Many Tyson Food Group employees or offered positions at OSI Industries.
Baho Foods and Flagship Food Group are two European acquisitions made by OSI Industries. Both of these companies bring a unique skill set to food manufacturing. They will help OSI expand its influence throughout the European region. Baho Foods has subsidiary companies that operate throughout Europe and provide a variety of services. Flagship Food Group has made acquisitions of its own to expand its influence within food manufacturing. Managers at Baho Foods will continue to lead their company and work closely with OSI Industries leadership to promote growth.
OSI has grown tremendously over the decades. The company began as a family-owned organization in the 1900s. It was known as Otto and Sons at the time. Otto and Sons developed a relationship with McDonald’s Organization CEO Ray Kroc. Ray Kroc presented Otto and Sons with the opportunity to be McDonald’s number one meat supplier. OSI Industries needed to build a new meat plant for this operation. Sheldon Lavin was brought in to oversee the process. He became the visionary of what Otto and Sons would eventually become.
Soon after Lavin’s involvement Otto and Sons became known as OSI Industries and began to expand to an international level. There are factories throughout the United States, Europe, and the Asia-Pacific. Lavin is committed to expansion. OSI Industries has the capability of providing a variety of products including meatballs, ground beef, hot dogs, baking and vegetable products.
Hiring practices focus on bringing in the type of innovative thinking that matches OSI’s mission. There are recruiting bases in Hungary, Germany, the United Kingdom, Asia-Pacific and the United States.
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