Category: Business News

OSI Group Growing Big And Better

According to a recent survey, OSI Group has over 66 operational units that are located in 15 countries. Some of the countries where OSI products are available include Netherlands, Germany, United Kingdom, United States, Mexico, and China and Japan. OSI Group has its headquarters in Aurora, Illinois and has been in operation for the last 109 years.

In the Food, Tobacco and Drink Industries, OSI Group has become the leader. OSI Group had a revenue of over $6 billion in the year 2016. They also ranked as number 58 in the largest privately owned companies. OSI Group has over 20,000 employees working in their plants worldwide.

The products that the OSI Group specializes with include fish, poultry, vegetable products as well as Pizza and hot dogs. The company also specializes in pork, meat patties, and dough products. Recently, OSI Group acquired the Baho food in what was seen as part of their global expansion. With this acquisition, they became the sole owners of the five Baho food subsidiaries that include Vital Convenience, Henri van de Bilt, Bakx Foods, Gelderland Frischwaren and Q Smart Life. This acquisition will increase the OSI Group presence in 18 European countries. In the deal, the two companies agreed that no employee would lose their job.

The OSI Group was started by a German immigrant in the year 1909. The company grew rapidly when it formed a partnership with McDonald’s to become their sole meat supplier. Some of the firm’s plants in the US include those found in Riverside, California, Fort Atkinson, Wisconsin and West Chicago in Illinois. Over the years, the firm has received several awards for observing safety risks associated with the environment. The current chief executive officer of the company is Sheldon Lavin while the chief financial officer is Sherry Demeulenaere. OSI supplies meat products to western companies operating in the Far East.

Ferry Settlement Causes, Lawsuit and More

In recent news it appears that Bruce Levenson and the Atlanta Hawks are taking on a different fight….one in court. For it appears that just recently they have decided to file a law suit and sue New Hampshire Insurance Company for what they claim to have been a breach of contract violation which is punishable by law or in the courts. Here is more.

“According to court documents the amount of the claim in confidential. The lawsuit states that the confidential limits of liability of the policy are sufficient to play AHBE’s claim. The lawsuit states that AIG has refused to acknowledge that a claim was made and refused to acknowledge….” (http://www.ajc.com/sports/basketball/former-hawks-ownership-sues-insurance-company-over-ferry-settlement/ZM3cMU2m7pID3gLMPGuVQI/, pg. 1)

According to this fascinating PR News recap of what really went down just in the last few days, the article also mentions the fact that the law suit was filed only on the 13th of this last month of September 2016. The Superior Court of Fulton County took the law suit. The Atlanta Hawks also accused New Hampshire Insurance Company of AIG, which so appears to be a civil action taken for many breach of contract issues and overall bad faith when it comes to overall insurance practices.

Sources:

ESPN;

http://www.forbes.com/sites/mikeozanian/2015/04/23/bankers-for-levenson-oversold-atlanta-hawks-by-27/