OSI Group is a worldwide company that focuses on the food industry. The company describes itself as a premier global food provider that works in cooperation with other leaders in the food industry to produce innovative solutions in custom food. One can look at their website and see that innovation is one of their key values. They are apparently doing well in that endeavor, since they have become one of the world’s largest privately held food providers.
Baho Foods has been operating in Germany and the Netherlands for about 60 years, specializing in convenience foods and deli meats. They do business in about 18 European countries. Their five subsidiary businesses include: Gelderland Frischwaren, Vital Convenience, Henri van de Bilt, Bakx Foods and Q Smart Life.
Most of their management staff has been retained by OSI Group and will continue in their present duties. This is a good indication for investors, because it shows that Baho Foods did not sell as a result of mismanagement. In other words, the company must have been doing well because OSI would probably have removed the management if they were known to be ineffective. This is not a case of a healthy company acquiring an unhealthy one. Rather, this is a case where one successful company bought out another successful company. One might consider that to be twice as many reasons for investors to be happy.
OSI Group has stated that they acquired this company partly for the purpose of expanding into Europe. Baho is already well-established throughout the continent and provided a ready-made solution. Baho’s managing director John Balvers says that he is excited to be a part of OSI and is eager to help the two businesses grow. This acquisition is subject to government approval, but no difficulties are foreseen at this time.
David McDonald, the CEO of OSI Group, had this to say on the merger:
“Adding Baho Food to our OSI Europe business gives OSI a broader presence in Europe. The company’s portfolio of products and brands complements OSI’s current processing strengths while broadening our capabilities to best serve the evolving needs of our customers.”
OSI Group has had a pretty good run lately. Not long ago they were presented with the 2016 Globe Of Honour award from the British Safety council. This award is given to companies that show exceptional diligence in the area of environmental management. This is the third time OSI has won the award.
For More info: www.linkedin.com/company/osi-industries