As of October 2018, Forbes Media ranked OSI Group #63 on their 2018 list of the largest private companies in America. With net revenue of $6.1 Billion, the firm was noted to be having as much as 20,000 employees, all of whom are working on their 65 different facilities, in 17 countries.
As the chief supplier of custom value-added food solution, the firm partners with the best, and first-rate food retailers, and providers of food service to serve their brand’s consumers better.
Under the leadership, and management of its CEO Sheldon Lavin, OSI Group, have made tremendous achievements for the past few years, including the establishment of successful relations with ventures like McDonald’s – the USA, and most recent, 2018, with Turi Foods Pty Ltd., Australia.
Since its establishment as a small butcher shop in 1909, OSI Group has undergone a wide range of transformation, ideally in technological innovation and market strategies, enhancing its growth remarkably. For instance, after the first McDonald’s restaurant was established in 1955, the CEO and its creator, Ray Croc presented an advanced franchise model; Otto & Son’s (predecessor of OSI) were already attached to it, as their provider of fresh ground beef.
After they were selected to be supplying McDonald’s with their product, at first OSI Group were under pressure as the required order was at the time big, for all the different restaurants. Thus they were required to maintain the sustainability of their product, following the production of a consistent, and consumer-driven affordable product, which could be even transported to long-distanced restaurants efficiently. With the invention of the liquid nitrogen cryogenic freezing technology, the OSI was the first to adopt it, and it effectively served as a breakthrough, making their task much easier in storage and transport, and more affordable – hence strengthening their partnership bond much more.
In 1973, Otto and Sons established a facility entirely, and solely dedicated to Serve McDonald’s; with the rest of local restaurants and retail markets catered for by their brand – Glenmark. This two-way production intensively heightened its growth, leading to its transition from Otto & Sons, to OSI industries. Following the development, McDonald’s ramped up its production, enhancing its penetration to the global markets. This followed sprawling of the OSI too, entering into a partnership with states like Spain and Germany.
With the placement of Sheldon Lavin as the CEO of OSI Group, the firm was able to venture in other food industry; a move that led to a significant growth that has continued to thrive, up to this day.
Learn more about OSI Group: https://www.payscale.com/research/US/Employer=OSI_Industries_LLC/Hourly_Rate