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OSI Group has acquired a controlling Stake in Baho Food. This is another milestone in the company’s growth plan that includes purchasing other companies in the food industry. The acquisition of Baho Food, a private Dutch company, will enable OSI Group to engage in the business of processing meat products for retail and service industries. Baho processes different types of foods.
The private company has active operation in the Netherlands and Germany. The corporation operates in these countries through its subsidiary plants that include Genderland Frischwaren, Bakx Foods, Henri van de Bilt, Q Smart Life, and Vital Convenience. Each of these entities is independent. This way, they are able to enhance their market dominance and expansion strategies. Baho sells convenience foods, snacks, and a range of deli meats to at least 18 European countries. The firm has been in operation for over 60 years.
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According to David G. McDonald, OSI group’s president and CEO, the acquisition of Baho Foods will enable the group to enjoy a broader presence in Europe. The Aurora-based executive believes that Baho Food’s brands and products complement the merchandise already offered by OSI Group. They will also help the group to satisfy the ever-evolving needs of its clients.
The acquisition will not affect Baho Food’s management team. John Blaver will remain the head of the company. The managing director will be in charge of the company’s staff and operations. He will now report to OSI’s leadership. The corporation between him and the leaders is expected to enhance the combined goal for the two companies.
Speaking during the event, Blaver said that he was pleased to become part of OSI Group. He noted that the group has been able to create an outstanding relation with its suppliers and customers. He posited that strengths of the two companies would help establish a stronger force that will result in increased customer base and profitability margins. The partnership will ensure that both companies continue to grow and realize their goals.
Last June OSI group announced that it had acquired Tyson Foods, which is located in Chicago. It is expected that OSI group will continue acquiring other food companies as it strives to establish market dominance.
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