OSI Industries is a popular food production company. It is a global company that as opened offices in different locations around the world. In the period that this company has been in the foods industry, it has opened branches in 17 countries and built over 65 food production plants in various location around the globe. It has employed over 20,000 people and continues to add more with the recent developments that are coming up in different locations. OSI Industries is a large company and is ranked by the Forbes among the top private businesses in the world. It has a net worth of $6.1 billion.
The history of the name “OSI Industries” goes back to 1975 when the company was renamed from Otto & Sons. At the same time, there was a change in the management of the company and a new partner was included. Sheldon Lavin, who was working a banking executive and investment manager was added so that he could help the company expand its operations to different locations around the globe. Otto & Sons was a family-owned business, but now that there was the inclusion of another partner, they would not continue in the same path. Some changes needed to be done, and that is how the changes happened.
The entry of Sheldon Lavin
After the entry of Sheldon Lavin at OSI Industries, the company would never be the same again. He was skilled and experienced in management. He came and started implementing measures that would see the company change its approach. At the time he was joining, it only had one client- McDonald’s. Everything that they were doing was geared towards providing services for the McDonald’s, and that is something that Sheldon did not agree with. He needed the company to be independent and have as many clients as possible. After a few years, he started taking the company on its path of development until such a time when it was entirely on its path and not following the McDonald’s.
If there is an area that OSI Industries has been focusing on in recent times, then it has to be its international expansion business. It has been trying as much as possible to bring everyone on the globe onboard. It has also been trying to expand its business such that more people can enjoy the food products that they produce. Its international expansion plan has taken them to 17 countries so far.
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