OSI Industries acquisition of the Dutch Company Baho Foods marked another era of stamping its market presence in the lucrative European market. Baho Foods is a privately owned firm in the business of meat processing and other foods items for both the retail and foodservice industries.
Baho Foods has plants in Germany and Netherlands and operates five subsidiaries including Bakx Foods, Gelderland Frischwaren and Vital Convenience. Each of these subsidiaries has been in operation for almost 60 years selling a range of convenience foods and snacks, deli meats, and serving customers in over eighteen European countries.
OSI Industries is banking on Baho Foods’s experience and presence in the European market in order to expand its operations in the region. Speaking about this acquisition, David McDonald, COO and President of OSI Industries had a lot to say. He said that the addition of Baho Foods to OSI Europe gives OSI Group a broader presence in the European market. He went on to say that Baho Food’s product portfolio and brad will compliment OSI Industries’ processing strengths and broaden its capabilities to serve the company’s evolving customer needs.
The acquisition did not, however, isolate the Baho Foods staff. It was agreed that Baho Foods will retain its management team led by John Balvers. The team will also work in tandem with the OSI Group senior management to implement a workable future long-term growth strategy.
Commending the transaction, John Balvers, said Baho Foods will leverage on OSI Industries’ outstanding customer and supplier relationships to grow even more. The combined effort of the two companies will enable them to serve their customers even better in order to realize their strategy as well as broaden their product portfolio.
The acquisition of the controlling stake in Baho Foods follows OSI Group purchase of a Tyson Plant in Chicago.