OSI Fights to Meet the Demand for Meat
OSI Industries has been amping things up in recent years. The Aurora-based meat processing company has been rising up the ranks in the hyper-competitive meat processing field. Competing with Goliaths like Tyson and JBS, OSI Industries has been making steady strides to pull in large shares of the market. The company, which was awarded the 2016 Globe of Honor by the British Safety Council has been ramping up production in multiple markets recently.
In 2016 after Tyson attempted to shut down a factory in southern Chicago, OSI came in and scooped the massive meat packing factory up. They purchased it form Tyson for $7.4 million and saved over 250 jobs in the process. This new factory is another addition to OSIs growing facility collection as an attempt to meet the massive consumer demand for meat, especially beef and pork.
While it scoops up facilities in North America, OSI Industries is also turning its eyes towards Europe. The recent purchase of Baho Food (a Dutch manufacturer of convenience meats and snacks) has increased OSIs presence in Europe. Baho Foods has five subsidiaries with meat processing plants in Germany as well as the Netherlands. This Baho purchase happened just months before OSI acquired Flagship Europe. Flagship Europe is a massive producer of poultry, sous vide products, and other products such as sauces, dressing, and more. This move comes just after Flagship Europe acquired Calder Foods a UK-based company that focused on sauces, mayonnaise, dips, and fillings for sandwiches.
In addition to its recent acquisitions, the OSI Industries has been increasing production in several major markets. In Toledo Spain, OSIs 17 million euro plant upgrades have double the production of poultry products in the country. This gives that particular plant an annual capacity of over 24,000 tons of chicken alone. The Toldeo plant produces over 45,000 tons of beef pork and chicken products each year.
The world is expected to eat over 280 million metric tons of meat this year or 560 billion pounds. To meet this demand OSI is making aggressive moves and reinvesting heavily in their production capabilities. OSI is showing no signs of slowing down in the face of competition and with solid acquisitions and constant increases in production, the massive meat processing company is looking to continue to meet massive consumer demands.
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