OSI Industries is a producer of processed foods. Since 2016, the company has been busy making purchases of other business and expanding the processing plants that it already owns in different parts of the world. The company has been focusing on both local and international expansion. To ensure that the local production activities were going on well, the company started with an acquisition in Chicago. They acquired a food plant that was previously owned by Tyson Foods. The plant is one of the largest in the world, and it is located in another plant that is owned by the company. The purchase of this new plant will give OSI more space to produce more products for their consumers in North America.
After the acquisition of the new plant in Chicago. OSI Industries moved to the international arena. The first initiative they took was the purchase of Baho Food in 2016. This company is based in Netherlands and deals with the production of snacks, meat and convenience foods. According to the COO of OSI David McDonald, the acquisition was made so that the company can focus on international growth in Europe. Europe is a lucrative market, and OSI is trying every means possible to become a dominant player in the industry.
The acquisition of Baho Foods will help OSI industries to spread its wings in Europe. Baho Foods has multiple affiliates in Netherlands and Germany, and therefore it is a vital acquisition for OSI. The other thing that happened with this acquisition is that OSI did not take over the management of Baho Foods. What they did is that they retained the management and focused on coming up with a strategy that will ensure that both companies benefit. OSI has always made sure that they work with people who understand the market better than they do. It is for such reasons that they find working with the already existing managers of Baho Foods as a plus in their efforts to conquer the European market.
Working with people who understand the market better means that the management of OSI Industries can make informed decisions based on the needs of the consumer. Using foreign managers in foreign lands would be faulty. The approach by OSI has seen the company gain new customers consistently because they can meet the needs of those customers. Serving customers with products that meet their taste and preferences is the main goal of OSI Industries.