OSI Group was established in 1909 at a time when it was called Otto Meat Market. The name Otto came from the name of the German immigrant who started the company. The name was later changed to Otto and Sons in the year 1928 when the owner decided to rebrand the business from a butcher shop into a meat wholesale business.
In the year 1971, McDonald’s opened a restaurant in Chicago and following the reputation that Otto and Sons had garnered in the area, the company was commissioned to be one of the suppliers for the restaurants. This was the beginning of a collaboration that would last for decades. In the year 1975, the name was changed yet again from Otto and Sons to what we now know as OSI group.
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The growth and expansion of OSI Group
ODI group has made expansion part of its culture. Over the years, the company has involved itself in a series of acquisitions and partnerships that have played a major role in its growth and expansion. From a mere butcher shop in the suburb region of Chicago, the company has become one of the leading food processing companies in the entire globe. The company has recently invested a chunk of money into the expansion of their chicken processing plant that has led to the doubling of the number of their products. This money was put towards the Toledo food plant in Spain that is the largest plant that the company owns that specifically produces chicken and chicken products. This expansion comes after the company has already made huge strokes in the expansion of their beef products production, pork, poultry, fish and even wheat products.
OSI Group began its expansion project in the late 1990s when it got into a collaborated business venture that led to the establishment of GenOSI in the Philippines. This paved way for OSI China to be established and later India and other parts of North America, Asia, and Europe. The company currently boasts of over 65 facilities in 17 countries around the globe. Forbes reported that the company is worth more than 7 billion dollars currently.