Over the past couple of years, the global food processing firm OSI Industries has been keeping itself busy in terms of expansion of its operations. 2016 was a particularly eventful year for the company as it included a list of expansions and acquisitions that were done on both the domestic and the international front.
The big bit of news for OSI Industries on its domestic homefront was the purchase of a 20,000 square foot processing facility from the Tyson company that will serve as a second Chicago, Illinois area processing plant. As the needs of OSI’s clientele have developed over the years, strategic acquisitions like this are critical in order for the company to be able to meet the demand. OSI Executives have expressed a great deal of satisfaction in being able to make this purchase a reality.
In the same 2016 calendar year, OSI Industries has also gone forward with the acquisition of a pair of food companies in Europe. These acquisitions greatly strengthen the overall market share that OSI enjoys in the continent. The first of these companies is Baho Food, a Netherlands based deli meat, snack and convenience food operation that greatly boosts the OSI presence in continental Europe. The second firm OSI acquired is Flagship Europe, a firm based out of the United Kingdom that specializes in the distribution of sauces, marinades and sandwich fillings among other items. This move is a massive upgrade to OSI’s business model in the U.K. market.
Another huge gain that OSI Industries has made during the 2016 calendar year was in its markets in the Spanish and Portuguese areas. The company operates a processing facility in Toledo that is responsible for servicing these areas. A new production line has been added to this facility along with increased storage space, heightened security and sustainability measures and improved facilities for employees at the facility. The effect has been a doubling in the production of processed chicken from 12,000 tons to 24,000 tons annually. The facility has also dramatically increased production of pork and beef. This upgrade in Spain was just one more major step in OSI’s banner expansion years of 2016.