Having access to food is a basic human need in order to survive and thrive. Today, much of the world’s protein and meat comes from just a few different food production companies. One of the leading food productions companies in the world today is the OSI Group. While they have been a strong provider of food for years, the company recently went through a major purchase when they decided to acquire a major plant in Chicago.
The OSI Group, which is based out of Aurora, IL, has been a major food production company in the world for several years. While they have major production plants all over the world, the company still looks for ways to expand locally as well. The company was able to expand on this strategy when it decided to purchase the Tyson Foods Plan in 2016. The company was able to purchase the plant for $7.4 million, which was considered a bargain due to the fact that Tyson was going to be closing the plant in the near future.
The food plant, which is located in the South Side area of Chicago and had 200,000 square feet of space, was used by Tyson Foods for decades. The company also had employed more than 450 people at the plant at its highest point. When Tyson Foods announced that it would be closing the plant, they also stated that the majority of the employees would be losing their jobs once it closed down. This was devastating for a lot of people, but the purchase by the OSI Group could prove to save a lot of jobs. Once the purchase was announced the total employment at the plant was around 275 people, many of which will end up being offered jobs to work with the OSI Group full time.
In the past, Tyson Foods used the plant to create a variety of speciality foods and meals for clients in the hospitality industry. The company decided to close the plant due to obsolescence citing that the current plant could not keep up with customer needs. While Tyson did not see much use in it anymore, the OSI Group is going to expand operations in the plant. They will likely be spending a lot of money on investments to make the plant useful and to meet the needs of OSI Group customers, which can differ from Tyson Foods’ customer’s base needs.