OSI Group has taken on a food manufacturing company, Baho Food and made an official announcement about the transaction. Baho Food is a privately owned Dutch company and is involved in food processing business including meat products. They pride in providing numerous food services in the retail industry. The financial aspect of the transaction was not disclosed, and its merger control approval was not concluded either.
Baho has been in operation for over 60 years and has several subsidiaries in Netherlands as well as Germany. These subsidiaries include Vital Convenience, Henri van de Bilt, Bakx Foods, Gelderland Frischwaren and Q Smart Life. Some of the services they offer include retailing convenience foods and snacks, different kinds of deli meats and attending to customers in eighteen European nations.
David G. McDonald who is the President and also the Chief Operating Officer of OSI Group, says that the acquisition of Baho food is a great opportunity for OSI Group to outspread their operations in Europe. McDonald who is based in Aurora, Illinois added that the products and brands acquired from Baho Food match the processing strengths of OSI and will assist them to improve their competencies to attend to the growing needs of their clients.
The entire management team of Baho Food along with their Managing Director John Balvers remains with the company and intend to collaboratively join efforts with officials of OSI Group to take the company to the next level. Together they can develop and execute future strategies using the capabilities born from both companies so as to achieve a dynamic growth of the combined business.
Balvers expressed his delight at joining OSI Group and added that the company values their clients and suppliers as well, and this is a significant aspect of business success. He added that Baho Food would be able to apply the experiences and capacities offered by OSI business being part of the group. They will combine the strengths of each business, and it will assist them to serve their customers better by implementing plans that broaden product portfolio. Balvers believes that the acquisition transaction is a stepping stone for them to achieve their goals as they accelerate their strategies.
About OSI Group
OSI Group is a privately owned company whose core business involves meat processing and serves the retail as well as food service industry. The company has international headquarters in Aurora, Illinois. Otto Kolschowsky is a Germany immigrant who started a meat market in Oak Park in 1909, and he later expanded and relocated the business to Maywood. The wholesale meat trade became Otto & Sons Company in 1928. McDonald opened his first restaurant in Des Plaines, Illinois and relied on Otto & Sons for meat supplies.
McDonalds restaurants and Otto & Sons grew in business together and in 1977 Otto & Sons changed its name to OSI Industries. The company has a United States plant operating in Geneva, Chicago, West Chicago, Oakland, West Jordan, Fort, Iowa, Wisconsin, Atkinson and Riverside, California. Their products include bacon, pizza, meat patties, hot dogs, pork, poultry, fish vegetables as well as dough products. OSI has received several awards over the years they have been in operation.