OSI Group, an Aurora based food plant, has acquired Tyson Foods Plant for 7.4 million. Tyson Foods, which is considered to be a leading brand, had stated that 480 jobs will be lost by October 1 of this year when the facility at Ashland Ave. was shut down. Many of the employees were offered employment through OSI. OSI which is a privately held company makes a variety of meats like bacon and breakfast sausage. Tyson foods is comparable as most of the foods are prepared meals for the hospitality industry. Tyson Foods had stated it was limited in its’ ability to meet changing consumer demands. This purchase by OSI was seemingly to help meet those demands and merge with an already growing company.
OSI group has continually expanded and more recently expanded into Spain. They will continue their international growth effort into more regions.
The purchase of Tyson Foods has been limited to the Chicago plant.The purchase will allow the company more growth in the future and ultimately expand new horizons. OSI Groups’ customers’ needs are changing at such a rapid rate it was only seemingly the right move. Kevin Scott, Senior Executive Vice President of OSI North America, has stated that the extra space makes it more possible to meet these needs.
The group seems very enthusiastic about broadening their network. In 2017, OSI had completed their last purchase in Europe by acquiring Spain. This expansion meant that 45,000 more tons of chicken, beef and pork product can now be produced. It also meant that there would be 20 new jobs added which was great for those seeking employment behind such a dynamic industry.
Spain and Portugal are currently experiencing an increased need for chicken products. While the need for these products are increasing, job security and further expansion is met.
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