Why OSI Industries has Purchased Baho FoodsMay 10, 2019 - Author: steph
OSI Industries is a food processing and packaging company that is doing well in the global market. The company, which is based in Aurora, prides itself for being the fastest growing in the food market, giving thousands of people employment. OSI Industries has taken the food market with so much seriousness, ensuring that high quality food is available for all its customers in the local market and even in the international platform. The people working for the company are all from different destinations. Each facility that is opened by the company boasts for giving the local communities the employment opportunities they need so that they can live a comfortable life.
Not long ago, OSI Industries made a great announcement to its customers; according to the executive leadership, the organization will be taking over the operations in Baho Foods after the company was successfully purchased. Baho Foods is not a small institution. According to recent statistics, this is a company that commands so much respect in Northern Europe. The popularity enjoyed by the company results from the excellent food products that are made by the company. The acquisition of Baho Food doesn’t come as a surprise to the people who have seen the company progress in the recent years. OSI Industries has been committed to expansion initiatives in the past five years. Baho Foods was selected because of some reasons.
First of all, the company has branches in more than eighteen European nations, and this means that OSI Industries will have increased its presence in Europe. The company is expected to increase its sales and even the production to cater to the needs of the customers who depended on Baho Foods in the past. Sheldon Lavin, the force behind the recent expansion activities, says that he is excited about the deal his company has just closed, and he is even looking forward to announcing another acquisition. The two companies are excited about the idea of working together, and they have put in place measures to ensure that the employees do not lose their working positions. The two teams, however, did not disclose their financial details to the public.