OSI Group Expands Portfolio with Park 100 Foods Acquisition
OSI Group Acquires Park 100 Foods
A subsidiary of OSI Group, LLC has made a significant move in the food industry by acquiring Park 100 Foods, a renowned privately owned manufacturer specializing in kettle-cooked foods. This strategic acquisition promises to expand OSI Group's portfolio significantly, particularly in the areas of sauces and soups.
Strengthening the OSI Brand
The acquisition marks a critical step for OSI Group as it seeks to enhance its processing capabilities. Park 100 Foods has established a formidable presence in the food manufacturing sector since its founding in 1976. Originally focusing on portioned breaded meats, the company has successfully diversified its product offerings to include frozen soups, sauces, chili, side dishes, gravies, and macaroni and cheese.
Growth and Employment Opportunities at Park 100 Foods
Park 100 Foods has been a significant employer in its region, boasting a workforce of over 600 dedicated team members across various locations. These operational sites include facilities in Tipton, Morristown, and Kokomo, Indiana, along with a site in Fort Worth, Texas. This acquisition provides OSI Group with an opportunity to not only grow its product range but also to leverage Park 100's established team of professionals.
Leadership Integration
In the wake of this acquisition, Rick Mager, co-president of Park 100, has been appointed as the Managing Director for Park 100 Foods. He will seamlessly integrate into the OSI North America Leadership Team and will report directly to Kevin Scott, OSI's Senior Executive Vice President. Meanwhile, key figures such as Jim Washburn, the CEO and founder of Park 100, will continue to provide support during the transition.
Commitment to Quality and Customer Relationships
OSI Group’s CEO, Dave McDonald, expressed excitement over the acquisition, highlighting the cultural similarities and commitment to customer service that both organizations share. He emphasized how important relationships are in the food industry and recognized Park 100's outstanding track record of customer service.
Expanding Market Presence
This acquisition not only enhances OSI Group's capabilities but also strengthens its market presence in lucrative categories such as soups, sauces, and macaroni and cheese. The acquisition is seen as a significant move to meet the evolving needs of consumers and will enable OSI to explore new innovative solutions in its products.
OSI Group’s Strategic Growth Path
In addition to this latest acquisition, OSI Group has demonstrated a robust growth strategy through several key acquisitions in recent years. In 2023, OSI acquired International Quality Ingredients (IQI) U.S.A. B.V., specializing in pet-food ingredients. Additionally, previous acquisitions include the Wayne Farms poultry production complex and Rose Packing Company, a leader in meat. These initiatives highlight OSI Group’s commitment to expanding its reach and capabilities within the food industry.
About OSI Group
For over a century, OSI Group has been a leader in the food industry, working closely with farmers, communities, and stakeholders to provide an innovative range of food solutions. As one of the largest privately held food suppliers, OSI partners with renowned foodservice and retail brands across the globe. With over 67 facilities in 17 countries and a workforce of 20,000 employees, OSI Group is committed to quality, food safety, and sustainability practices, ensuring responsible resources and agricultural resiliency.
Frequently Asked Questions
What is Park 100 Foods known for?
Park 100 Foods is known for its expertise in kettle-cooked foods, particularly frozen soups, sauces, and macaroni and cheese.
What was the purpose of OSI Group's acquisition?
The purpose of acquiring Park 100 Foods was to enhance OSI Group's processing capabilities and expand its product offerings in the soup and sauce categories.
Who will lead Park 100 Foods after the acquisition?
Rick Mager, the current co-president of Park 100, will become the Managing Director and join the OSI North America Leadership Team.
How many employees does Park 100 Foods have?
Park 100 Foods employs over 600 team members across its facilities in key locations.
What is OSI Group’s commitment to quality?
OSI Group is committed to food safety and quality assurance, promoting global sustainability efforts to ensure responsible resource consumption and agricultural resiliency.
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