OSI Group has managed to remain relevant in the American food industry for over a century. The company, which was started in the early 1900s has grown by leaps and bound to become among the top privately owned food processing and distributing companies in the U.S. But how did OSI Group manage to remain at the top of the game for more than hundred years?
The history of OSI Group dates to as far as 1909 when a German immigrant known as Otto Kolschowsky opened a small butcher shop in Oak Park. At this time, Otto Kolschowsky had stayed in the U.S for only two years. The company, known by the name Otto & Sons LTD focused on supplying fresh meat to the local market. With time, the business grew and Kolschowsky decided to relocate his shop to the nearby Maywood in Chicago. In the new market, Otto & Sons established a reputation by supplying customers with high-quality products and fresh cut meat.
In 1955, Otto & Sons were contracted by the McDonalds to supply fresh meat to their restaurants in Chicago and other states in the U.S. This was a great breakthrough for the company since it enabled them to increase their processing capacity and also revenues.
Appetite for expansion
Otto Kolschowsky was a revered businessman and a visionary leader. Through his entrepreneurial skills, Otto grew his business from a small butcher shop to large processing facility supplying fresh meat to the renowned McDonald restaurants. Since its inception, OSI industries focused more on growth and conquering new markets.
In 1975, the company rebranded from Otto & Sons LTD to OSI Industries. As a result, they needed more capital to increase processing capacity and penetrate new markets. The sons of Otto who were the executives in the company approached Sheldon Lavin to seek his consultancy services. Sheldon Lavin had a financial consultancy firm that helped companies in accessing funds from lenders.
Sheldon Lavin joins OSI Industries
Sheldon proved to be a worthy asset for the OSI Industries. Sheldon did not only help the company to access funds, but he also developed a proposal that would help OSI industries penetrate foreign markets.
Who is Sheldon Lavin?
Sheldon Lavin earned a degree in Accounting and Finance. He then established a financial consulting that helped food industries to access funds for expansion from lenders. His firm worked closely with the OSI Industries where he, later on, became a permanent employee of the firm. In the 1980s, Sheldon acquired a 50 percent stake in the company and started serving as the company’s CEO.
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