Disintegrating The Growth of OSI Industries

Various giants exist in the food provision industry. Among the various giants are such as OSI Industries. As a revered food service provider operating as a multinational company, OSI Industries has earned a positive reputation as a company dedicated to customer satisfaction and delivery of quality products.

Background Information

The birth of OSI Industries came about during the early 20th century. As a company that has been present for over a century, OSI Industries has always been under the leadership of individuals who had the company’s best interests at heart. Well, OSI started out as a small retail butcher shop in Chicago. Otto Kolschowsky established the shop. Under the management of Otto Kolschowsky, the shop prospered indefinitely. Well, age does catches up with everyone. Since Otto wanted his sons to continue running the family business even when he isn’t present, he eventually indulged his two sons in the meat industry trade. Otto made sure that his sons had grasped the basics and within no time, they were able to run the family enterprise on their own. By then, the company was known as Otto & Sons. The name signified that Otto and his two sons were the sole owners of the company and they were working together.

Additional Information

Otto & Sons had carved a positive reputation for themselves back in the day. The positive reputation led to the company being recruited as the sole supplier of freshly ground beef to the McDonald’s restaurant. The working relationship between the two entities was doing well. As McDonald’s expanded, Otto & Sons did too. Nevertheless, Otto & Sons came across various challenges such as financing the construction of a specific plant that was meant to be dedicated to serving the McDonald’s entity. Fortunately, Otto & Sons were able to come across Sheldon Lavin who was able to help them procure some financial assistance from a bank without involving the sale of stocks or shares within their company.

Outline

Age was catching up with the sons of Otto, and they had to hand over the leadership of the company to other capable individuals. Since Sheldon Lavin had proven to be of great assistance to the company, the sons of Otto decided to hand over the position of CEO to Sheldon Lavin in 1975, the year when Otto & Sons was rebranded to OSI Industries.