OSI Industries is one of the nation’s leading producers of many varied kinds of food products. In an effort to further capture additional markets, this Illinois company knows that it must continue to expand. One of the places that continues to be a good bet for many American companies is northern Europe. Many northern European countries are some of the most affluent countries in the world. This is particularly true of The Netherlands. The Netherlands serve as stopping off point for many travelers. Amsterdam is a hub of industry and travel. At OSI Industries, they know that pairing with Netherlands based businesses can offer them a ticket into many other parts of Europe. It is this understanding that has led leaders of the company to eye new potential industries in this nation. Officials who watch the retail food industry are therefore not surprised at company’s decision to purchase Baho Foods. Baho Foods shares many similar interests with OSI Industries as well as a similarly wide network of varied production companies scattered across several European nations. The new acquisition should have many benefits for all concerned including consumers, employees and the company’s thoughtful and effective managers.
Those at Baho Foods are definitely pleased with their decision to pair up with OSI Industries. David McDonald is the head of the OSI Group. As the Chief Operating Officer and the President of the company, he is clear to investors and his employees about his desire to establish a firm base in the European markets. Consequently, he expects this new acquisition to be truly beneficial for his company. He is working very closely with John Balvers. Balvers is the Managing Director at Baho Foods. His and his team know a great deal about the European food markets. They hope to continue to bring this base of knowledge to their work at the new company. With their help, they expect that OSI can use their company’s expertise to serve the eighteen European nations where they presently operate. They also hope to consider ways to expand into the over forty members of the European Union in the future. They know that it is possible for their combined efforts to help expand the choices that customers have when it comes to purchasing food at one of the outlets that Baho Foods serves. The price that was paid for the company was not revealed to the public.
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