How OSI Industries Is Implementing Expansionary Plans Into Other Markets
After serving in the food industry for more than 100 years, OSI Industries is now expanding into other markets different from America, where they appear among the most established companies in food processing and distribution. The expansions they are tackling are not about coming up with new businesses entirely, but more focused on identifying companies with similar ideas that are successful in their local markets and acquiring them. The strategy has so far produced results and with the recent entry into the European market, OSI Industries has positioned itself for expansions that will see the company become a global player.
Locating expansion opportunities
Before moving out to secure other markets, OSI Industries has resolved to first embark on acquiring businesses based in the local market. This was highlighted when the company acquired Tyson Foods, based in Chicago, at $7.4 million. The acquisition came along as a boost to satisfying the continued need to build the company to become a globally acclaimed food processing firm. Some of the items that will feature in the just acquired company include poultry, vegetables, beef products like hamburgers, bacon, and pork items.
Entering the European market
To get into the European market, OSI Industries purchased Flagship Europe, and this offered them resources to establish new clients. Buying already successful businesses has come with the favor of tapping to an already acquired clientele, but to keep the clients hooked, OSI Industries has resolved to offer the products included initially but with a bit of flavor and better quality so as to capture a wider market. Another company that joined OSI Industries is Baho Food, a manufacturer focused on convenience foods, deli meats, and snacks.
This served to further expand the market accessible by OSI Industries in Europe. Baho brought in five subsidiaries that run processing plants in Netherlands and Germany, cumulatively serving 18 countries in Europe. As a measure to maintain the success achieved by Baho, OSI Industries also agreed to retain the managing director and managers as well as other officials involved in strategizing and overseeing the company.
About OSI Industries
OSI Industries is an established food processing and distribution company that is based in America. The company has been in the industry for more than 100 years, in this period gradually developing to become one of the most established food processing companies across the world. It has since embarked on an expansionary mission that will it serve other parts of the world.
OSI Group Info: www.linkedin.com/company/osi-industries