Just the other day, the OSI Group announced that they had acquired Baho Foods. However, it’s the nature of the OSI Group to sign a non disclosure clause in all their deals not to disclose the financial details of the transaction. The newly acquired Baho Foods specializes in Snacks, deli meats and convenience foods. The Baho Foods used to operate in the Netherlands and Germany before the acquisition. The OSI Group mentioned that they would expand the operation of this company to other countries in Europe upon the completion of the deal. Market experts say that the OSI Group resulted in this acquisition to expand their market presence in Europe. The president of the company David McDonald says that they selected Baho foods as offered food products close to theirs. He also termed the acquisition as a way of the company appreciating that they are aware of the evolving needs of most of their customers across the globe.
Upon the acquisition, the OSI Group will resume ownership of the five subsidiaries that were part of the Baho Foods. These subsidiaries are Gelderland Frischwaren, Vital Convenience, Bakx Foods as well as Henri van de Bilt and Q Smart Life. The OSI Group management said that the Baho Foods management would be retained. Also, no employee will lose their job. John Balvers who used to be the president of the company said that he was excited about being a team of the OSI Group. OSI Group has been in existence since the year 1909. Its headquarters are found in Aurora, Illinois. At the moment, the OSI Group led by Sheldon Lavin who is the owner and the chief executive officer of the company. In the year 2016, the OSI Group had a revenue of $6.8 billion making it one of the biggest privately owned companies in the US.
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