OSI Industries Acquires Tyson Foods
OSI Industries is the new owner of Tyson Food Plant. They purchased Tyson Food Plant in Chicago for 7.4 million dollars. According to a representative from Tyson Food, they will no longer own Tyson Food Plant. 400 employees will lose their jobs by October 1, 2017. A number of employees who worked at Tyson Food Plant will be employed in OSI Industries. The square footage of the Tyson Food Plant is 200,000 square feet. The newly acquired company is located close to OSI’s Chicago facility. The purchase of Tyson Food Plant will help propel the growth and support of OSI Industries.
According to the Senior Executive Vice President, of North America, Kevin Scott, by purchasing the Tyson Food Plant, OSI Industries’ capabilities will be enhanced. The growth of the company will increase and will meet the needs of their customers. This announcement by the Senior Executive Vice President, Kevin Scott was made June 8, 2017.
OSI Industries is a company that is privately owned. They produce and sell many kinds of meat products such as bacon, sausage, which is used for breakfast. Other kinds of foods are sold at OSI Industries. They have over 60 facilities in 16 countries.
Baho Food Is Purchased By OSI Industries
On August 8th, OSI Industries disclosed that they purchased Bahoo Food. Bahoo Food is a Dutch Manufacturer. They produce foods such as snacks, deli meats, and other convenience foods. The amount of the purchase made by OSI Industries for Bahoo Food was not revealed.
The President of OSI Industries, David McDonald stated that the purchase of Bahoo Food has to be approved by the government. Bahoo Foods brand of foods is exactly what OSI Industries need to complement and strengthen the products they produce. This purchase will definitely be an asset to OSI Industries.
Baho Food has been in business for almost 60 years. They established five auxiliaries with processing units in the Netherlands and Germany. There are five businesses which include Q Smart Life, Gelderland Frischwaren, Bakx Foods, Henri van de Bilt and Vital Convenience. Baho Foods services extend into 18 European countries and provide services to their clients.
John Balvers, from OSI Industries, stated that the Managing Director at Bahoo Foods will become a member of the management team at OSI Industries. The Managing Director of Baho Foods will be an asset to OSI Industries. He will help to develop and carry out a method that will help the company to grow. This method of combining both companies will help to serve their customers better.
Flagship Europe Is Acquired By OSI Industries
Flagship Food Group Europe was purchased by OSI Industries. According to David McDonald, President of OSI Industries, Flagship Food Group will magnify OSI Industries presence in Europe. The products that Flagship Food Group supplies to the UK Foodservice market are pies, frozen chicken, mayonnaise, sauces, and dressings. The purchasing of the Flagship Food Group is an added benefit to OSI Industries. They will acquire more new clients on a global scale and will help to strengthen the companies’ presence in many parts of the world. This venture will increase the profit for OSI Industries. OSI Group buys former Tyson Foods plant in Chicago