If you are a business professional and have been thinking about taking your enterprise to the next level, then global expansion should be what you are looking at. If executed strategically, globalization brings your company multiple benefits including a new revenue potential and increase your potential to serve more clients. To understand the benefits of this business strategy better, let us highlight good examples through OSI Group, a leading company in the manufacture of meat-based food products.
OSI Group was once a local boutique firm based in Chicago. Initially, it was known as Otto and Sons. Otto was the owner, and he did a great job at growing the company and making sure that it could serve more 1,000 locals annually. With more demand for meat from the community, the company decided to expand its presence. In the process, there was the need to hire a finance manager who happened to be one Sheldon Lavin.
OSI Group Expands its Portfolio
At that moment, Lavin owned a financial services consulting firm where he provided competent advice in business. Faced with the challenge to oversee the finance department at OSI Group, Lavin learned the ropes of the business. Shortly into the market, Otto and Sons decided to change the name and sell most of the company shares. OSI Group was born while Sheldon Lavin assumed one leadership role that he currently uses to promote the company’s global expansion.
Over the years, OSI Group has expanded its presence across different parts of the world including Aurora, Illinois.
The acquisition of the Spain Toledo facility by OSI Group is its latest expansion. Like any other acquisition in many of America’s business sectors, this £17 million investment has doubled the firm’s production capacity in chicken products.
Benefits of Acquisition
Moreover, OSI Toledo has now exceeded the total production of 45,000 tons in quality beef, pork in addition to chicken products. Furthermore, the entire project and its related services have provided additional employment opportunities including that of a product development manager.
The acquisition of a new facility in Toledo is not the only expansion project that OSI Group has been part of. In the beautiful summer of 2016, the company acquired Baho Food, an industrious manufacturing facility for snacks, meat delis, and other convenience foods. In the perspective of OSI Group’s leaders, this new acquisition was propelled by the rising demand of the meat-based product in the industry.
From the look of OSI Group’s major acquisition projects, it is evident that global expansion fosters the international penetration of a brand into foreign markets to protect the company against unforeseen events.
For More info: www.responsiblesoy.org/miembro/osi-food-solutions-europe/