Like many American multinational companies, the OSI Group is advancing to other parts of the globe through the acquisition of other smaller companies. The latest company to be bought by the OSI Group is the Baho Group that operates in Netherlands and Germany. According to trusted sources, this is a move to penetrate into the competitive European market.
However, like any other deals in the past, financial details of the acquisition of Baho Foods was not revealed to the public. However, the two companies agreed that all employees of Baho Food would retain their jobs. The management would also be retained and will work hand in hand with personnel that will be sent from headquarters in Aurora.
The OSI Group has established itself as one of the biggest suppliers of food products around the globe. Other than Europe and USA, the company operates in the Asian countries of Japan, China, and Korea. The firm has 65 plants that are located in 17 countries. In a recently concluded analysis by the Forbes magazine, the OSI Group have an annual revenue of $6.1 billion. Above that, the OSI Group is ranked number 58 on the list of largest privately owned companies in the world.
As of today, the OSI Group has an employee base of 10,000 people. The company has been in existence since 1909 having been established by a German immigrant. Some of the food products that the company specializes in include pork products, fish products as well as poultry products. OSI Group also specializes in beef and dough products.
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