OSI Group, one of the largest growing suburban food processing companies in the US, purchased the Tyson Foods plant in June 2016 for $7.4 million.
In November 2015, Tyson Food’s announced they were shutting down their plant located at 4201 S. Ashland Avenue South Side, Illinois in order to improve efficiencies. The Tyson plant officially shut down October 1st of 2016.
With OSI Group based in Aurora, IL, the acquisition of this 200,000 square foot facility was a perfect opportunity for their recent and continued business growth. This additional infrastructure has capabilities that help meet the needs of OSI Group’s evolving and ever-growing client base.
According to Kevin Scott, senior executive VP of OSI Group (North America Division), this addition, “enhances our capabilities to meet the rapidly evolving needs of our customers.”
Not only was this purchase beneficial for the company, but was also great way to bring back jobs to the South Chicago area. When the plant first closed down, over 480 employees were to be laid off. OSI Group offered each of these employees the opportunity to stay as part of their company.
Since the purchase of the Tyson Branch, OSI Group has also acquired Baho Foods and Flagship Europe. In 2016 alone, OSI Group also made both Forbes’ America’s Largest Private Companies’ list and Food Engineering Magazine’s America’s Top 100 Food Companies’ list. They are continuing to find ways to expand both their American and European presence, with over 20,000 employees in 17 countries.
OSI Group is known for their custom solutions to the food industry and value-added protein and other food products. They are known for being one of the largest privately held companies in the US, with over 65 facilities in all over the world.
To learn more about OSI Group’s recent growth or additional information on the company, visit their website at http://www.osigroup.com/.