OSI Industries: A Century of Success in the Food Industry

The OSI Group has been operating for more than a century, and they have been considered as one of the most successful firms in the food processing and manufacturing sector. The company traces its early beginnings in the year 1909 after a German immigrant named Otto Kolschowsky established a small meat shop outside the city of Chicago. He named his business Otto & Sons, and he focused on providing meat products to the people living outside Chicago. Because of the rising demands for his products, he had to open up another branch on the other side of the city. The company enjoyed years of success, but they never expected that the business would still grow further.

One of the greatest changes that happened to Otto & Sons would be the decision of McDonald’s Restaurant to hire the company as their official supplier of burger patties. Otto Kolschowsky felt delighted after learning that McDonald’s has chosen them to become their supplier, but he thought of the additional capital that the company would need to go in sync with success felt by the fast food chain. He decided to seek the assistance from Sheldon Lavin, who secured additional funding for the company. Otto Kolschowsky has also given Sheldon Lavin and investment share with the company, payment for his generosity of letting Otto Kolschowsky loan a huge amount.

In 1973, Otto & Sons opened their first mean plant in West Chicago, Illinois, and two years later, they decided to change the company’s name to the OSI Group. The following decade saw the extensive expansion of the company as McDonald’s Restaurant began appearing all over the world. In 1978, the company opened their first expansion business deal in Germany, and they have also started to operate in Spain and Brazil. The OSI Industries has also set its eyes on Asia, and in 1987, they began their official trading relations with the K&K joint venture based in Taiwan. In 1989, the OSI Group continued its expansion in Austria, and the following year, the company expanded its operations to the Philippines.

Presently, the company operates in around 70 countries, and they have signed partnerships with the local business people. The company also started to acquire smaller firms, bringing them into the expanding OSI Industries family. Their most recent acquisitions were of Turi Foods, Hynek Schlachthof, Flagship Europe, and Baho Foods, and the OSI Group stated that this trend would continue in the European continent.