OSI Industries Continues To Grow Beyond Expectations
OSI Industries was founded by Otto Kolschowsky in 1909 when he immigrated to the U.S.A. As a German immigrant, he moved to Chicago where a large amount of German immigrants moved to. It was there that he began his retail meat market and butcher shop in the west side of Chicago, which grew quickly. Otto eventually got involved in the manufacturing side of his business and named the company Otto & Sons in 1928 due to the fact that his two sons were now working with him. One of the first moves that rapidly grew OSI Industries in its earlier days, was the one that Kolschowsky made to make his company the main supplier of meats for McDonald’s. During the 1970’s, OSI opened up a plant that was dedicated to serving the fast food giant, and it was able to do a lot more than it had in the past due to technological advances. OSI Group buys former Tyson Foods plant in Chicago.
The company formally became OSI Industries in 1975 and brought aboard Sheldon Lavin who was ready to help the it expand. By 1977, the company opened up its first facility outside of the Chicago area and continued to build more plants all over the United States throughout the 1970s and 1980s. Once McDonald’s expanded overseas, OSI did the same, and joint ventures took place in Spain and Germany. Lavin used his skills as an executive in the banking industry and investor to help his company grow, and grow it did.
OSI Industries is continuing to grow in the same spirit that it has in the past. It is now a company worth $6.1 billion and sits in the #58 spot on the 2016 Forbes list of the largest private American companies. One of its recent expansion efforts occurred in Australia where OSI Industries merged with Turi Foods. The merger has become Turosi Pty Ltd., and the Chairman of Turi Foods, Sam Cuteri, has spoken about how the partnership will both companies to share their expertise and better serve their customer bases. This most likely will not be the last merger, and you can expect OSI to march into the future with a continued confidence.
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