News out of Aurora, Illinois showcases the purchase of Baho Food to OSI Group. The Dutch manufacturer that specializes in convenience foods as well as in snacks and deli meats has been acquired by OSI Group with the terms of the financial agreements being undisclosed.
With the purchase of Baho Foods to OSI Group, the presence of OSI is broader now in Europe. David McDonald, the president and COO of OSI goes on record to state that the company portfolio that contains products and brands is going to compliment the reach of OSI within the processing strengths and all the while broadening the capabilities to better serve those they provide for.
There are five different subsidiaries within the processing plant in Germany as well as in the Netherlands. With those 5 subsidiaries, the reach of OSI will expand into 18 various European countries.
For a number of employees of Baho Foods, they will remain on the payroll of OSI to help merge the two companies over into one. Some of those employees like managing director of Baho Foods, John Balvers and a variety of his team managers and members will remain on the OSI payroll to help with the merge.
OSI Group has a wide range of expertise in foods because they are so well known. In recent months, OSI had acquired not only Baho Foods but also Tyson Foods in Chicago. With the purchase of Tyson Foods in Chicago, the OSI exsisting plant in Chicago is close enough to make the merge beneficial for both plants.
Not only are they pleased to add Tyson to their merge but also to have the clients on board who Tyson served. With the merge, the clients of Tyson are going to have a broader range of products available to them. There will be an abundance of options available to the clients with the purchase of Baho and Tyson.
The Tyson Food plant in Chicago was the operational portion for prepared foods and when the plant had discussed closing in November of 2015, OSI Group came to the rescue and purchased the plant. Before the purchase, Tyson was being forced to close their doors because of the decline in customers and clients and the increase of costs associated with running a warehouse and manufacturing plant. The goal was to closse down 2 different plants to help cut the overhead costs associated with Tyson Foods.
The headquarters of OSI Group is located in Aurora, Illinois. They provide value added proteins as well as other food items to various food services and is in charge of numerous retail brands. They are privately held corporations with almost 60 facilities within 17 various countries with a large portion of OSI poultry productions throughout China.
For details: en.wikipedia.org/wiki/OSI_Group