How OSI Industries began as a butcher shop.
The founder of the OSI Industries was Otto Kolschowsky, a German migrant who settled in Chicago, Illinois. He began in 1909 as retail meat provider and butcher shop. By the end of the First World War, his business had expanded and become a wholesale business. It had begun to serve a Chicago Suburb, Maywood from its beginning place on the West side of Chicago at Oak Park.
In 1928, Otto $ Sons became the business’ name. Arthur Kolchowsky and Harry Kolchowsky became their father’s partners. The company continued to thrive and expand. Their main customer for their meat supplies was McDonald’s, a fast food company that began in Illinois.
The relationship between the two companies was good since Ray Kroc and the Otto sons were good friends. A handshake between Ray Kroc (Founder and CEO of McDonald) and the Otto sons confirmed the deal between the two companies. Therefore, Otto $ Sons became McDonald’s main meat supplier.
How technology favored the business expansion.
With the advancement of in technology, the introduction of using liquid nitrogen for food preservation (in 1960s) played a significant role in the expansion of both the Otto & Sons and the McDonalds. The technology resulted to Otto & Sons becoming one of the four main product suppliers for McDonald’s.
Otto & Sons becomes the OSI Industries.
The transition from Otto & Sons to OSI Industries happened for two main reasons. Firstly, the company had grown from a humble beginning of a butcher shop into a national manufacturer with an industry that was well advanced technologically.
Secondly, the leadership had changed from being a family led industry since both of the Otto sons had reached their retirement age. They asked Sheldon Lavin to join the company as a partner. Sheldon Lavin was their investment adviser who played a significant role in the OSI Industries’ expansion. The rebranding From Otto & Sons to OSI Industries happened in 1975.
OSI Industries’ worldwide growth.
As the McDonald’s grew into an international business, OSI followed suit as its supplier. Sheldon Lavin became the chairman and CEO of the company. His experience in investment become crucial for the company’s expansion. Forbes list of largest privately owned companies ranks it as position 58 with sales of $6.1 billion.
OSI Industries has also engaged in the supply of non-meat products due to its consistent expansion throughout the world. OSI has been in business for over a century now.
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