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Expansion of the OSI Group under CEO Sheldon Lavin

OSI Group is a top food manufacturer in the world today with branches in various parts of the world. The company currently operates in 17 countries. It supplies the biggest food supply chains with food products. The over 100 years old company started as a butcher shop started by a German immigrant but is now a leading company in the world headed by CEO Sheldon Lavin and president David McDonald. The company started expanding rapidly in the 1950s when it agreed to supply the newly established McDonalds with beef.

McDonald’s expanded faster than owners of OSI Groups (then known as Otto & Sons) expected. They were forced to make quick arrangements so that they could meet the needs of the McDonalds. The company set up its first food manufacturing food plant in Chicago in 1975. In the same year, Sheldon Lavin joined the company as a managing partner. As a financial expert, he helped the other partners manage the company at a time when they were approaching the retirement age.

OSI Group is now a global company supplying its products in almost all the continents. It is working in 17 counties either directly or through a subsidiary. In the 1980S, Sheldon Lavin became the CEO of the company. Since Sheldon Lavin took up the mandate as the overall head of the company, it has expanded rapidly and is today among the largest privately owned companies in the United States with a net worth of about $6.1 billion. OSI Group has mainly been built through joint ventures and expansions. Early expansion of the business started in countries such as Brazil, Mexico, Austria, Poland, and Hungary. This was in the 1980s and 1990s.

In 1987, OSI Group partnered with K&K Foods of Taiwan and made an entry into Asia market. It opened other plants in China and Philippines in the following years. When China finally joined the World Trade Organization, it became clear to the management of OSI that this would be one of the greatest untapped markets in the world. The company expanded its business in China through joint ventures and WFOEs and finally managed to grasp a huge chunk of the market.

Sheldon Lavin continues to inspire growth in the company by applying a business model which offers consumers safe and healthy products. The expansion of the company is not yet over. More joint-ventures and acquisitions have been lined up the company in different regions.

Learn More: relationshipscience.com/sheldon-lavin-p3387879