OSI Group, one of the world’s foremost producers of processed and packaged foods, has acquired a majority stake in Baho Food, a Dutch company that manufactures deli meats and convenience foods. The move comes following a series of acquisitions that sees OSI greatly expand its access to the European market with new facilities in countries like Poland, Germany, and the United Kingdom. Baho, alone, operates plants and services clients in 18 European countries through its five subsidiaries.
In a press statement, president and Chief Operating Officer of OSI Group, David McDonald, expressed belief that Baho’s offerings and subsidiaries would strongly complement OSI Group’s already existing products. He also credited the acquisition with giving OSI “a broader presence in Europe”.
Baho’s managerial team, including managing director, John Balvers, will retain their positions and are set to work with OSI executives in maintaining and expanding both companies’ European customer base. “This transaction will accelerate our growth strategy and support us in jointly realizing our goals,” Balvers said in a statement.
OSI Group was launched in Illinois in 1909 by German immigrant Otto Kolschowsky and began operation as a family meat market. Eight years later, the business would expand to include fresh meat delivery services, and grew exponentially for the next three decades.
In 1955, a young McDonald’s contracted the business, then known as Otto & Sons, to deliver fresh ground beef to its first Illinois location. The delivery company would maintain a near-exclusive relationship with the fast food chain, eventually becoming one of only four licensed meat suppliers.
1973 saw Otto & Sons further expand its business to include food processing with the opening of its first meat plant; the company would change its name to OSI Group a few years later. Now currently based in Aurora, OSI Group employs more than 20,000 people worldwide, operating 65 plants in 17 countries and servicing the restaurant and retail industries with its processed meats, fish, fruits, vegetables, snacks and dough products.
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