OSI Group is the largest food producer in the world. The company is classified by the Forbes as one of the highest value companies in the United States with a valuation of $6.1 billion and ranked number #58 among the privately run businesses. The company has a strong presence around the world. It has a presence in 17 countries on different continents. It has built 65 production plants to facilitate its work of food production. The company is on a growth path which started in 1975 when the company declared interests to go international. In recent years, however, there has been more attention to international expansion.
The origin of OSI Group goes back to 1909 when it was created by a German immigrant, back then as a butcher shop. Chances are that when he was creating it, he never had plans that it would grow into one of the biggest companies in the world. Either way, he started something that would become a leading global business. The company has gone through the past one century and have emerged strong, no amount of challenges that have stopped its growth. It has been doing well all through, largely because of the contributions that the leadership has created.
The transition in terms of business growth happened in the company in the 1950s when the company teamed up with McDonald’s which had just been launched in the country. McDonald’s contracted OSI Group (then Otto & Sons) to supply hamburgers to its restaurants. The deal opened doors for the food company so much that it became the turning point for its operations. OSI Group is now a leading company because of the impact created by the deal with the McDonald’s. OSI followed in the path of growth created by the McDonald’s, and business has never been the same again. As McDonald’s went international, they followed suit as one of the leading suppliers to the McDonald’s.
The future of this company will highly depend on the next generation or leadership. The current leadership of CEO Sheldon Lavin is in its twilight years, and there might be a change on the top seat in the foreseeable future. Sheldon Lavin is trying to mentor the next generation such that the company will not fail after his exit. He is hopeful that the company will maintain its development path for a longer time. It is now an independent business and has many clients around the world.