In 1909, the journey towards the creation of the largest food producer in the world began. OSI Industries started its growth journey as a butcher shop. One century later, it is has attained the rank of not only a top business in the food business but also a top business in the world. OSI is ranked number $58 by the Forbes. It has a valuation of $6.1 billion meaning that the butcher shop it once was has changed drastically.
OSI Industries is now a leading business due to the commitment of the leaders it has had. The leadership has been very supportive of the growth. The founder of the company was known as Otto Kolschoswsky and it his dedication that finally brought as to the OSI we know today. He did very well in transforming the butcher shop into a wholesale business that later took a turn as a family-owned food business.
Otto & Sons was the name of this company before the transformation it underwent later in the 1970s. Otto & Sons became a prominent regional business after getting into a deal with the newly established McDonald’s. It is the McDonald’s which opened floodgates of success for this company. In the 1950s, businesses started picking up for Otto & Sons after they got a deal to supply hamburgers to the McDonald’s. As it would turn out in the next few years, this was the best business decision the owners made. McDonald’s started picking and was opening restaurant left right and center. The business model was accepted in many areas, and now it was up to OSI Industries to meet the demand that was coming from their client.
The demand was massive such that OSI was forced to build a food production plant that would only supply to the McDonald’s.
In the 1970ss’ the two sons of Otto-Arthur and Harry were in charge of the business. They however could not manage to lead it further, especially when pursuing international expansion. They brought in another partner known as Sheldon Lavin to help them manage it appropriately. Lavin was the one handling capitalization needs of the company as it expanded its operations. The former banker is today the chairman and CEO of the company. His role in the success of this company is vital. When other partners left the company, he stayed on and built it to be the multinational business it is today.