Ericherrmann

The Steady Rise Of OSI Industries From A Small Retail Shop To An International Food Producer

OSI Industries started from a very humble beginning to become one of the largest corporate companies in the American economy. It rose from a small butcher shop in Oakland Chicago to a corporate company with over 65 branches worldwide in 17 countries and a staff of 20,000 workers, which is quite a distinguished development. Otto Kolschowsky who was a German immigrant in Chicago came up with the idea of opening the butcher shop in 1909 to take advantage of the busy area and make money. New immigrants used the route as they headed to the plains to look for farming lands making the center an excellent industrial point. Within ten years, he had converted the business from retail to wholesale and had already opened a branch in Maywood, Chicago in 1928.

The Company has grown for many years, and despite being a small local company, it still had a considerable impact on the American community and economy. Otto & Sons later got an order from Ray Kroc, the owner of McDonald’s restaurants as the primary food supplier. The expansion of Otto & Son’s business started here because the order was consistent. The company diversified, and after some decades, the company was named OSI Industries, a name that would portray the company in a better way. The business ceased from being a family business to an advanced international food manufacturer. From then henceforth, OSI Industries changed the management from Kolschowsky and sons and therefore invited Sheldon Lavin as a partner who had worked in the company since the early 70s.

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Under Lavin Sheldon who worked as the company’s investment consultant, OSI Industries continued to expand its business in many ways. A notable growth was the opening of a branch at Western Jordan, Utah in Chicago. In the late 1970’s and early 1980’s, the company set up more offices in North America. The company entered Germany in 1978 and later Spain in 1980 making it a multinational corporation. The company’s diversification internationally and the ability of Sheldon to successfully negotiate in significant deals contributed to his appointment as the Chairman and the Chief Executive Officer. His experience in the banking sector as a top executive and investment would add to the company’s future growth. The significant increase of OSI Industries continue to date, and in 2016, it was ranked 58th in the Forbes lists of largest privately owned companies having made sales worth over $ 6.5 billion.

Learn more about OSI Industries: https://www.payscale.com/research/US/Employer=OSI_Industries_LLC/Hourly_Rate

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