OSI Group, a food production giant recently announced that it has acquired Rose Packing, a renowned Illinois based Meat Company. Even though the company did not release details of the transaction, there is no doubt that it had to pay a significant amount as Rose Packing is already a well-established company. The company deals with the production of meat products such as Guinness brats, meatballs, Canadian bacon, pork shoulder, boneless turkey, and ethnic sausages. It boasts a broad client base and is an expansion strategy for OSI group, as the company will now increase its footprint even more across the region. Despite being under OSI, the management team of Rose Packing will remain the same. They will be working hand in hand with Rose Wood Packing. It is, however, essential to note that OSI is not the only beneficiary from the deal.
Rose Packing will also benefit big time as it will now be part of a multi-billion company, a factor that will see it attract even more clients. Rose packing was established in 1924, and just like OSI has also grown rapidly. As a means to expand, OSI often procures other companies and partners with well-established businesses. It has been in play for over a century now and is one of the largest, privately held companies in the US. Its rapid growth can be attributed to its dedicated team of leaders who over the years have shown relentless pursuit of excellence. Today, OSI operates in seventeen countries and has over 20,000 employees who work in its 65 facilities. By partnering with Rose Packing, OSI will not only increase its footprint but will also boost its packing and distribution services.
History of the company
OSI has been in play for over a century. It was established back in 1909 by Otto Kochowsky, a German immigrant. It began as a small meat market in Illinois but thanks to the hardworking and ambitious nature of Otto, it soon became a wholesale meat market. He moved the business to Maywood in Chicago, where he and his two sons relentlessly focused on growing it. The business got its first break through in 1955, after Ray Croc, a renowned entrepreneur got the green lights from McDonalds to open up a line of restaurants under the franchise. Coincidentally, Ray Croc planned on opening the first one in Illinois and thus chose Otto & Sons as his main suppliers of meat and beef patties. This marked the beginning of a business relationship between Otto & Sons and McDonalds that would last for years to come. Afterwards, Otto& Sons opened up a meat plant in Chicago which would specifically cater for the demands of McDonalds and changed the name to OSI Group. Since then the company has been on an upward growth curve and is now one of the most respected food companies in the world.