OSI Industries is a food processing business located in Aurora, Illinois, a suburb of Chicago. It is a privately held company that is owned by Sheldon Lavin, its chairman and CEO. David McDonald also plays a pivotal role at OSI Industries as the COO and president. Becuase of their efforts it is now an international firm that sells processed food all over the world.
OSI Industries customers for its custom value-added food products are restaurant chains as well as retail food brands. According to Forbes, OSI Industries is the 58th largest private company in the nation and has annual revenues of just over $6 billion. Among the products they supply are meat patties, pizza, fish, bacon, poultry, hot dogs, and vegetables. They also offer many condiments, sauces, and marinades through a number of companies they have acquired over the years, such as the Netherlands’ Baho Food.
In order to run an operation as vast as OSI Industries it takes a lot of people and skill. David McDonald says that his company has local management teams around the world because they understand very well local culture and tastes. His company combines these local teams with the incredible efficiency of a global operation. He has called this a globally-efficient, local-solution strategy that has paid off very well over the years. They have taken this approach everywhere but in particular in China when they entered that market 20 years ago.
In China, OSI Industries has ten factories that it operates. They are now the largest poultry producer in that country. The restaurants they bring food to in China include many familiar ones such as Yum, McDonald’s Papa John’s, Subway, Starbucks, and Burger King. David McDonalds says that OSI Industries is really focused on China because it has a huge population and one that is growing more wealthy over time.
Food being safe and being environmentally responsible are two key areas that OSI Industries concentrates on. One example of this commitment is that they won the Globe of Honour Award in 2016 in the United Kingdom. This award is given only to those companies that are audited for a year to show that they are committed to the highest standards of environmental management.
Learn More: www.forbes.com/companies/osi-group/