OSI Group, one of the leading meat manufacturing companies in the entire country recently embarked on a journey of acquiring the European division of Flagship Food Group, which operates out of Colorado. Flagship Europe was mainly involved in the production and manufacturing of food products like pies, sauces, and dressings. The company also produced a fair amount of poultry-based products and tried to divulge into the sector of fast food.
With the acquisition deal, both companies will be able to benefit off each other. OSI Group for one will be able to tap into the European poultry market and also diversify themselves into other food products that are high in demand. For Flagship Europe, this acquisition means access to a larger pool of resources and raw materials for the product lines that they already have, and can potentially come out with in the future. The two companies will be able to aid each other even though the opening up of new markets and the access to new customers receive.
Russell Maddock, the CEO of Flagship Europe recently came forward to state his excitement with the acquisition that was being undertaken. He noted that this was precisely what the company needed to be able to diversify their interest and reach essential and better avenues. It is a plan of action that can help them develop tremendously, and expose them to a whole new world of opportunities. The acquisition will also enable Flagship Europe to meet the long-standing goals that they had, and fulfill the demands that their customers have had for them. Overall, the company will now be able to serve their customers in a much better manner.
For OSI Group, this acquisition is proven to be an incredible step in their goal of international expansion. OSI Group already has an extensive portfolio of companies that they have acquired and partner with, which they only want to increase and improve over time. David McDonald, the COO of OSI Group also came forward to state the reasons for opting to acquire Flagship Europe. In his statement, he said that this was a company that complemented the business model that OSI Group currently works on. It is a business that will significantly benefit from the strengths and resources that OSI Group has to offer, which is why the acquisition will prove to be a brilliant move for both the companies involved in it.
About OSI Group
What started out as a simple meat shop as turned into a multibillion-dollar company whose territorial reach is the entire world. OSI Group stands as one of the leading meat producing and manufacturing units in the country and sets the industry standards for other companies to follow. The company leaped into the industry when it becomes the primary supplier of meat to McDonald’s outlets in the United States, a deal that it still holds to this very day. The company recently has been embarking on a number of international ventures to improve their overall reach.
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