OSI Food Solutions is a producer of processed foods. It is one of the companies that are doing very well in the food production industry. It is regarded as the largest food company in the world, considering its recent valuation by the Forbes. As of 2016, the company was valued at $6.1 billion and ranked as one of the biggest companies in the United States. Out of the top 100 companies, OSI ranked at number 58. This valuation shows how great the company has become. The high valuation of the company has come from the expansion of the company’s operations in many countries around the world.
OSI Food Solutions has over 65 production plants and more than 20,000 workers. The company is keen on taking its operations to all corners of the globe if possible. It is worth noting that in recent years, international expansion has taken center stage in the operations of the company. The expansion is taking place through various approaches. One, there is the acquisition of production plants in the local market.
In 2016, OSI Food acquired a production plant that was formerly owned by Tyson Foods. Tyson Food was using the plant for the production of food products, especially chicken products. OSI acquired the plant to boost local production and supply of food products. The market in North America has expanded significantly, and there is a need for the company to meet the increasing demand in this region. The food plant in Chicago will help the business to meet this demand.
The other approach used by OSI Food Solutions in its expansion process is the acquisition of other companies. In 2016, Baho Food and Flagship Europe (now Creative Foods) joined the list of companies partnering with OSI Food Solutions. The acquisition saw the companies retain their senior management teams. OSI is interested in partnering with these companies to establish a strong presence in the European market. The acquisitions will give OSI the impetus needed to take the company to another level of growth.
OSI Food Solutions has also used the approach of expanding existing food production plants as a way of boosting its food production operations. The food production plant located in Toledo, Spain has been expanded to meet the growing need for food production operations in the region. The company has doubled its production of chicken products. From 12,000 tons, the production now stands at 24,000 tons annually. The total production from this plant has improved and now stands at 45,000 tons.
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Talos Energy LLC is a publically traded firm that explores, develops, and produces oil and natural gas from its properties located in the Gulf of Mexico and along the Gulf Coast. They were established in Houston, Texas, in 2012 by entrepreneur Timothy Duncan who is the chief executive officer and president. The management team has decades of experience when it comes to exploring and recovering oil and natural gas from offshore sites using innovative techniques.
It was announced on August 16th that Talos Energy had acquired six deepwater and eight shallow water locations it was bidding on. The sale was held by the Bureau of Ocean Energy Management. The team at Talos Energy won all 14 bids it had placed which involves about 75,000 acres. In total, they paid $5.3 million for the right to these sites. They have a seven-year lease on two the deepwater sites and a five-year lease all of the remaining ones.
In other recent news, Talos Energy acquired another company in the oil and gas industry which was announced on September 4th. They acquired Whistler Energy II and the transaction was for $52 million. As part of this deal, $77 million in cash that Whistler had on hand for their surety bonds was released. This means that Talos Energy came out of this deal with an additional $31 million as well as $7 million that Whistler Energy II had when the acquisition was completed.
In July 2017, the team at Talos Energy made what is referred to as the Zama discovery. This discovery of a vast reserve of oil and natural gas was made in Mexico’s offshore waters. Because of this discovery, the Association of International Petroleum Negotiators awarded Talos Energy with their Discovery of the Year award. The Zama location was the first offshore exploration well in Mexican waters ever by a privately held firm. It holds somewhere between 1.4 and 2 billion barrels of oil which is in offshore waters that are 165 meters in depth.
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While David Zalik was working as the CEO of e-consulting firm OutWeb, he began to notice a serious problem in the way some of his home-remodeling company clients were handling certain aspects of their business. Specifically, Zalik saw that there were a large number of high-end homeowners who were coming in to stores like Lowe’s and Home Depot and looking to carry out big-ticket renovation projects. However, the majority of these homeowners had no experience in contracting. When they inevitably ended up underestimating the true cost of their projects by four- or five-figure amounts, the deals would often fall through. This wasn’t because of cost — most of these renovation projects were actually value-additive because they boosted the home’s price by more than they actually cost. Instead, many of these homeowners were unable to complete the renovation for simple lack of liquid funds to do so.
Zalik knew that insufficient cash on hand was a very common problem in real estate even for large commercial developers. However, where large real estate developers had access to sophisticated bridge-financing facilities, normal homeowners didn’t have anything similar to help them carry out their home renovation projects. This is where the idea of GreenSky was born.
GreenSky offers an enticing solution
Zalik created GreenSky as a way for average homeowners who were looking to carry out a big-ticket remodeling project to have access to the same kind of instant cash infusions that the big dogs in real estate development enjoyed. GreenSky matches up homeowners at the point of sale with some of the largest lenders in the country, offering them instant loan terms that are often good enough that few can turn them down. A typical GreenSky loan involves no interest or payments needing to be made in the first year of the loan. Because the average GreenSky customer has a FICO score above 760, the vast majority of its borrowers pay the loan back, in full, within the first year.
At the same time, GreenSky partner banks get high-performing loans on their books, and contractors and home improvement businesses get billions in additional business each year.