OSI Group has been in the meat processing industry for over a century. The company has been able to carve a positive portfolio for itself over the years. In a bid to expand their base of operation, they have also been acquiring and merging with different companies that deal with meat processing company. Recently, OSI successfully acquired Rose Packing. The details of the transaction were not revealed. People were only notified that the company had been acquired for an undisclosed amount. Rose Packing had focused on the manufacture of best pork products. They would sell their products to retail and food service clients. The acquisition by OSI Group provides an opportunity for the company to grow significantly.
The main similarity between OSI Group and Rose Packing is that they are both family-owned businesses. Both companies are also based in Chicago. The firm had more than 700 employees. Kevin Scott is one of the executives at OSI North America. While addressing the media, Kevin Scott said that the acquisition was bringing together two companies that have dominated the food processing industry. OSI was excited to join hands with Rose Packing, and they are confident that this acquisition will be beneficial regarding the growth of the food processing firm. The acquisition was strategic, and it also helps to complement OSI in terms of the direct support of the OSI growth strategy which will provide new processing capabilities, better sales through the use of attractive channels, and additional capacity.
Dwight Stiehl is the CEO of Rose Packing. Together with the management team that was working at Rose Packing, they will continue to work at the firm. They will be working closely with the leadership team at OSI Group. Dwight was pleased with the arrangement, and Rose Packing will now become a larger part of the renowned food firm, OSI Group. Rose Packing has been able to maintain a positive track record over the years. At the moment, OSI has more than 65 meat processing plants that are evenly distributed all over 18 countries. By acquiring all the assets owned by Rose Packing, OSI can grow further, and they will stand a better chance of dominating the meat processing sector.