Baho Food has been a major food distributor in Europe for many years, and now they’ll be a part of OSI Industries with a deal that was recently made. It’s unknown what the cost of the acquisition was, but it’s been seen as a win for both companies. Baho Food was undergoing some operating losses in the last few years and was looking at shuttering its plants, but thanks to their new parent company they will remain open and have additional products in their portfolio to go with their already existing line. Baho Food employees will get to remain on at their jobs as will managing director John Balvers as OSI Industries elected to keep various aspects of the company in place. It will also keep its brand name while under ownership of OSI Industries.
OSI Industries is privately-owned but has a large global presence with factories and offices located in 17 countries including the US, and more than 60 countries total that it serves. The company was first founded in 1909 when Otto Kolschowsky and his family moved to Chicago and decided to make a living in the meat wholesale business. Their family-owned business was officially named Otto & Sons in 1926, and about 30 years later as the Kolschowsky sons took over management the company made its first major deal with McDonald’s restaurants to become their beef and chicken supplier. This deal was the beginning of huge growth for OSI Industries and transformed it from a domestic family business to the corporation it is today.
Even though OSI Industries may no longer be a family-owned company technically speaking, CEO Sheldon Lavin has sought to retain that model in the way things are run at the company. Lavin had served as a financial advisor to the Kolschowsky family in his early days at the company before being sold ownership, but even as he took the company to new levels he never forgot that the people comprising its workforce were the most important. Over the last several decades OSI Industries has been committed to safety both on the assembly lines and in the environment of the regions where their plants are located. But they’ve also looked to add as many new jobs as possible and retain current employees at each company they buy. OSI Industries also values community involvement and the biggest non-profit they support is the Ronald McDonald House Charities.
Contact OSI Group: www.mapquest.com/us/illinois/osi-industries-llc-7716434