OSI Group, LLC is a privately held food processing company that is based in Aurora, Illinois. OSI Group was founded in 1909 by Otto Kolschowsky and has steadily grown into an international company with facilities and offices throughout the world. In recent years it has made some big acquisitions that have expanded the reach and scope of the company even further.
In 2016 OSI Group saw an opportunity to expand its production capacity in the backyard of its headquarters when Tyson Foods announced they would be shutting down their facility in Chicago and laying off about 250 people. OSI Group closed a deal to purchase the facility in June for $7.4 million. Most of the people that were facing unemployment were able to retain their jobs after OSI Group took over.
In August 2016 OSI Group purchased Dutch food processing company Baho Food. As part of this deal, they also bought Baho Food’s 5 subsidiaries which have processing plants in the Netherlands and Germany. This purchase increased not only OSI Group’s processing abilities but also increased the types of processed foods that they make.
Another recent acquisition was announced in December 2016 when OSI Group purchased Flagship Europe from Flagship Food Group. Flagship Europe is located in the United Kingdom and supplies processed foods to restaurants and private labels across the UK.
Deals like these have made OSI Group into one of the largest private companies in the world. In 2011 the company was listed by Forbes as the #136 largest private companies in the U.S.