OSI Group is a food provider for many popular restaurants such as McDonald’s, to which it supplies beef patties. Subway, Starbucks, Pizza Hut and Papa John’s Pizza are other franchises that receive a variety of meats from the company. Their high quality food products come in both cooked and uncooked versions, and they carry private label brands, along with major brand name items.
Formerly known as OSI Industries, the company went through a name change in 2004, when it became OSI Group. It was started in 1909 by a man of German descent named Otto Kolchowsky, who had initially opened a family-owned meat market in Oak Park, Illinois just 2 years after moving to the United States. After the business grew to be successful, Kolchowsky went into selling his meats at wholesale, and expanded into a Chicago suburb. During that time, the business was known as Otto and Sons.
Today, the company’s headquarters is still based in Illinois, and it is headed by Chairman, CEO and CFO, Sheldon Lavin. It brings in annual profits of about $3 billion, and was ranked number 58 on the Forbes list in 2016. It was also listed as being one of the largest private companies in the U.S. that offers customized food solutions. Last year, the business acquired the former Tyson Foods factory on Chicago’s South side for a little over $7 million.
There are more than 20,000 employees working at the company, some of them being former employees of the Tyson Foods plant who were offered jobs at OSI Group when Tyson was bought out by the business. Not only does the food supply group have factories in Chicago, but it also has production centers in several other cities in states like Iowa, Utah, Wisconsin and California. In addition to that, it has operational facilities in 17 other countries in parts of Europe and Asia.
OSI Group has a stake in German-based Baho Foods, and it acquired another European food supply company called Flagship. In addition to providing restaurants with many meat products, OSI also provides vegetables, as well as dough for baking. Because of the company’s good business practices and decisions, CEO Sheldon Lavin was presented with a Global Visionary Award on February 20, 2016. Lavin said that he felt very honored and humbled to be receiving such an award, and that he hopes to see the company continue to have steady profitable growth.
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