In the current global economy, corporations of different sizes have decided to establish operations in alien markets. This type of global expansion has often provided several advantages to both the company and the foreign country including better opportunities for market expansion and growth. Reports indicate that this trend in America’s global market is likely to continue and there is no better company to deduce this trend than OSI Group. That is why in 2016, the company decided to acquire Baho Food, a Dutch based meat processing plant that has for decades served different markets in different continents.
Baho Food is well known for operating manufacturing plants in Germany as well as Netherlands. Most importantly, it has five affiliates that make it easy for the company to provide its services to different companies across different sectors and markets. Some of these affiliates include Vital Convenience and Bakx Foods among others. These affiliates have been serving the industry for about sixty years. With their constant supply of deli meats, snacks and convenience foods, Baho Food and its affiliates have managed to serve 18 countries across Europe. This is a clear indication that OSI Group’s acquisition of it is progress.
Baho Food Acquisition
Adding Baho Food to OSI Group’s portfolio gives the company a broader presence in the European market. This is in light of expanding its horizons and service scope into a new marketing world that shares the same interests. Also critical to note is the fact that OSI Group’s portfolio complements Baho Food’s processing strengths; a strategy that has broadened the company’s ability to serve the transitioning needs of different clients.
Now, the Baho Food acquisition is just one of the many global expansion projects that OSI Group has been part of. In the same year (2016), the company bought a manufacturing facility from Tyson Foods. That acquisition was based on the fact that OSI Group wanted to expand its horizons to Chicago. The project cost $7.4 million and since then, OSI Group has been managing this plant by making sure that it manufactures the right meat products and supplies clients with the right capacity.
Away from the acquisitions is the fact that OSI Group values its employees. That is why once in a while, it provides employment opportunities in the light of giving an opportunity to the qualified. As such, OSI Group has always provided its employees with comfortable working environments.
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