Among the most successful food companies in the world is the OSI Group. The Illinois-based food company has made its presence known all over the world by opening food production facilities in 17 countries across different continents. Currently, they have over 65 food production facilities. The company has also created many job opportunities directly and indirectly. Now, there are more than 20,000 workers directly employed by OSI.
According to a report by Forbes, OSI Group McDonalds is one of the most successful private companies in the world with a net worth of over $6 billion. It is ranked number #58 among the top 100 private businesses in the United States.
OSI Group McDonalds started as a small meat shop located in Oak Park, Illinois, in 1909. A German immigrant known as Otto Kolschowsky had settled in this town for less than two years when he started the shop. A few years later, it was doing very well and had developed into a wholesale meat business.
By 1928, Otto moved the company to a new location within Chicago where there was room for expansion. He then made it a family owned business and named it “Otto & Sons.” He was also joined by his two sons Arthur and Harry in the management.
Deal with McDonald’s
In the 1950s, the meat business got a major boost after McDonald’s opened its first restaurant in Des Plaines, Illinois. Otto & Sons was made the supplier of beef hamburgers in a deal that would prove very important to OSI’s future growth. The McDonald’s restaurants were gaining massive acceptance across the country, leading to a high demand for food products. This demand was pushed down to the suppliers who had to supply more products.
OSI Group McDonalds followed in the footsteps of McDonald’s- expanding its business operations as demand went up. By 1970s. OSI, still known as Otto & Sons, constructed the first food production facility. Later, McDonald’s narrowed its suppliers to four, and OSI was one of those selected.
The growth momentum of growth picked in the 1980s after Sheldon Lavin was appointed the chairman and CEO of the company. He brought an instant impact by introduced new ideas that moved the company from being a one-client business. Today, OSI Group McDonalds supplies major retailers and food chain restaurants all over the world.
For More info: www.rmhc.org/board-of-trustees