The OSI Group has managed to establish itself as the leading meat processor in the United States. At the moment, the OSI group offers its services to the food service industry as well as the retail sector around the world. International headquarters of the OSI Group is located in Aurora, Illinois. In a word that has been dominated by competition, the OSI Group uses several tactics to stay ahead of the competition. Some of these tactics include mergers and acquisition with acquisition being their most preferred strategy. However, where market entry through acquisition is difficult, the OSI Group settles for mergers. Baho Food is the latest company to be acquired by the OSI Group.
This is a manufacturing firm that was headquartered in the Netherlands before the acquisition. Baho Foods used to specialize in a number of products such as snacks, deli meats and convenience foods. However, the OSI Group is known for concealing the financial terms of most of their deals. David G. McDonald, the chief operating officer of the company as well as its president, spoke about the new acquisition. Mr. McDonalds said that the new deal would enable the company increase its presence in Europe. He further said that the new acquisition will help increase the ability of the company to keep up with the ever-changing needs of their customers.
Before the acquisition, Baho Foods used to operate in 18 European countries. However, most of their customers were located in Netherlands and Germany. To serve this wide base, the company existed in five subsidiaries that included Q Smart Life, Bakx Foods, Henri van de Bilt, Vital Convenience and Gelderland Frischwaren. During the acquisition, terms of the deal stipulated that Baho Food team managers led by John Balvers, the managing director would retain their jobs. At the same time, the two firms agreed that no employee would be fired as a result of the acquisition. Mr. Balvers spoke about the deal, and he said that he was exited that his firm was being acquired by the OSI Group.
The OSI Group is said to have been established 110 years ago by a man known as Otto Kolschowsky. The German immigrant began a family meat place in Illinois soon after arriving into the United States. At the moment, the OSI Group operates in a number of countries other than the USA such as Japan, China, the United Kingdom, Mexico, Brazil, Germany and Netherlands. In the US, it has plants in several areas such as Oakland in Iowa, Riverside, California and Fort Atkinson, Wisconsin.
For details: www.creativefoodseurope.eu/osi-group