Despite having a history of 109 years, OSI Industries doesn’t look like it’s slowing down any time soon. The Chicago-based company that started out as a small butcher store is currently operating in 17 countries, having 20,000 employees in 65 facilities throughout the globe. OSI is one of the largest food processing companies in the world, and one of the largest privately held entities in the United States.
Ever since the late 1980s, when OSI Industries dramatic expansion started, the company entered joint ventures and acquired a number of plants and companies in order to increase their global reach and their production capabilities. In 2018, the company doubled the chicken processing capacity at their facility in Toledo, Spain, due to the increase by 8% in the last 3 years of demand for chicken products. They invested €17 million to enable to facility to process 24,000 tons of chicken every year. The expansion also increased the capacity to process beef and pork items to a total of 45,000 tons. The expansion resulted in 20 new jobs, bringing the total at 140 employees.
In 2016 and 2017, OSI industries purchased a food processing plant that formerly belonged to Tyson Food, Flagship Europe, and Baho Food. Flagship Europe in 2018 was renamed Creative Foods Europe, and it specializes in frozen poultry, sauces and dressings, and sous vide products. Baho Food is a Dutch manufacturer of convenience foods, deli meats, and snacks. These strategic acquisitions help OSI Industries expand their global reach throughout a number of European countries, increasing their global profile. In addition, they opened a new facility in the Philippines in May 2017.
OSI builds their services according to the customer’s specification, as they do not offer a standard food catalog. Their business model is working with the customer in finding out what type of flavor profile they are seeking and create a custom formulation which is based on their needs. In addition, they have a strong commitment to food safety, having hired Dr. Kenneth Petersen in 2015 as the head of OSI’s safety division.
OSI Industries is a food supplier for a number of high profile restaurants, and they were the first meat supplier to the then-new McDonald’s in the 1950s. While the company’s main product were protein-meat-based, throughout the years they branched out and are currently offering products such as frozen entrees, vegetable dishes, fish products, beans and salsa, among others.