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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