Former Tyson Foods Plant on South Side was Acquired by the OSI Group for $7.4M

The Aurora-based processed food company OSI Group had acquired Tyson Foods plant in Chicago for early for $7.4 million in early 2016, according to the official records with the Cook County Recorder of Deeds. The acquisition of the food plant had offered employment to more than 200 former employees of Tyson Foods with the OSI.

A spokesperson for the OSI Group said that they could not reveal the information about the future plans for the facility as well as the products and its consumers. A brief announcement on the company’s website dating back to June 8th, 2016 said that the 200,000 square-foot facility located in the Back of the Yards neighbouhood would provide the necessary infrastructure to the other facilities in Chicago for supporting continued business growth.

According to Kevin Scott, senior executive vice president of the OSI, the former Tyson Foods plant in Chicago will greatly enhance the company’s capacity and will help meet the evolving needs of its customers. With operations in 16 countries and more than 60 facilities, OSI Group is a privately held company known for its wide-ranging meat products such as breakfast sausage and bacon.

Initially known as Otto’s Meat Market, the OSI Group, LLC was founded in 1909 and had later changed its name to Otto & Sons in 1928 and OSI Industries, LLC in 1975. They also supply various processed food products to many retail brands as specified on the company’s website. The company has been a recipient of several accolades and ranks 58th on the Forbes list of largest private companies in the US. OSI Group is also known to be the sixth-largest meat/poultry/seafood processor according to a recent report by the Refrigerated and Frozen Foods magazine.

Tyson Foods, on the other hand, was known for preparing meals for the hospitality industry. Tempura chicken, omelettes, soups, sauces and meatballs are a few among the several items made by them. At the time of closing, the executives of the company said that the Chicago facility couldn’t keep up with changing consumer demands. The other two facilities owned by Tyson Foods at 3548 N. Kostner Ave, and offices at 400 S. Jefferson St., are currently in operation. OSI Group buys former Tyson Foods plant in Chicago

Learn more about OSI GROUP :  https://www.glassdoor.com/Reviews/OSI-Group-LLC-Reviews-E19677.htm

 

 

Leave a Reply