The acquisitions of OSI Food Solutions to strengthen their global reach

OSI Food Solutions was founded by Otto Kolschowski an immigrant from Germany in 1909. The company deals with meat processing located in Aurora, Illinois. The first time it was established it was just a community market and was popular because of their meat being of high quality. Once the company decided that they would deliver the meat patties, it overgrew to become young McDonald franchise.

In 2016 they got the recognition from the British Safety Council by giving OSI Food Solutions the Globe of Honor Award. The reason why they were given the award was because of their excellent management of the risks. The award was so helpful to them in gaining the five-star maximum that the British Safety Council audit scheme has set, from August 2015 to July 2016. To get the stars they proved to the council that they would maintain exceptional environmental management from that floor of the company to the boardrooms.

There is a recent purchase that OSI Food solution made of Baho Food. Baho Food deals with the supply of suitable and accessible foods, deli meats and snacks. They offer their services to different markets. The OSI Food Solution did not disclose the amount that they acquired Baho Food. The CEO and president of OSI Food Solution David G. McDonald said that the reason why they purchased Baho Food was to aid in expansion. The expansion will increase the presence of OSI Food Solutions in Europe.

The other thing that the company acquired was a storage warehouse in Chicago. The facility is 200,000 square feet large owned by Tyson Foods. The other good thing about the facility is that it’s close to another facility of OSI Food Solution. The purchase will offer the company a facility that they can use to continue with the expansion. The acquisition will make it easy for OSI Food Solutions to meet the needs of the clients that are changing every day by making good use of the space.

The last purchase that they made is that of Flagship Food Group. Flagship Europe was involved in the supply of frozen chicken and sous-vide pies. Also, in the market of UK, they supply the dressings, sauces, and mayonnaise. The acquisition of Flagship will be of use to OSI Food Solution because it will broaden the presence that they have in Europe, and that means that they can serve the changing needs of their clients.

How did Sheldon Lavin become the CEO of OSI Industries?

Sheldon Lavin is the chairman and CEO of OSI Group, a role he took up about four decades ago. It did not take long for him to take up this position since he had joined the firm in 1975. His role was paramount since he was coming from the banking sector. He was a bank executive investment manager. He joined OSI after seeing the potential the business had. OSI, then known as Otto & Sons had approached the bank looking for funds to carry out business expansion. It is at this point that he played a crucial role in expanding the operations of the business. He facilitated the capitalization of the company such that it met its objectives of local expansion. When they came back in 1975 looking for more funds for international expansion, Sheldon Lavin was added as a partner.

For Mr. Lavin to take up the role of chairman and CEO at OSI Industries, it is the McDonald’s who pushed for it. OSI was one of the main suppliers to the McDonald’s who at the time was doing very well in establishing restaurants all over the country and beyond. McDonald’s needed his full commitment to OSI. With McDonald’s eye an international move at the time, they needed to be sure that their suppliers are also operating optimally. The only way they would be assured of good performance and reliability from OSI was by having Sheldon Lavin as the CEO. His experience in the banking sector was sufficient to manage the operations of the food company effectively.

Under the leadership of Mr. Lavin, the McDonald’s continued doing very well. It followed in the footsteps of the McDonald’s which was rapidly growing at the time. Sheldon was a partner at the company alongside the other two. When one partner returned, he was left with half controlling powers in the food company. In the early 2000s, the other partner left leaving Sheldon Lavin with full control of everything happening in the company.

Sheldon showed commitment to the cause he had taken up since even after the other partners left. He did not give up on what he had started. He was committed to the whole process of making the company the largest in the world. He once told an interviewer that he would have left the company if he knew his dive to make the company great was insufficient. He took this challenge because he knew it would happen.

James Dondero Helps Bring Back The Hippos

Fraudulent people not only attack small businesses and vulnerable people, they also entice large, reputable corporations and management companies. In 2007, Credit Suisse made an appeal to single philanthropic donors as well as large entities like Highland Capital Management to endorse their plan to build on an artificial lake in Nevada. The case was deemed indeed fraudulent, and the jury’s ruling was in favor of Highland Capital Management. After money was received for the financing of this project, Credit Suisse immediately filed for bankruptcy. They were in hopes that this move would allow them to keep the donations, and now feel that the legal system is unfair because it didn’t.

Visit: https://www.highlandfunds.com/james-dondero/

Highland Capital Management was co-founded by James Dondero. He also serves as president, Chief Executive Officer, and Chairman of the Board. Dondero has more than thirty years of credit market experience. He is a graduate of the University of Virginia where he earned a Bachelor of Science degree in Commerce. He later received training in finance through a financial program from JP Morgan. James spends most of his long days working to help organizations within the Dallas community, and surrounding areas, where he is a resident. One of the activities was to give money to the Dallas Zoo. Read more about James Dondero on Bloomberg.

For nearly twenty years, the Dallas Zoo had closed down the Hippo Habitat because the last Hippo had died. Many inquiries came in to the zoo requesting them to reopen the habitat. With no funds to do so, the habitat remained closed. The decision was based on the premise that it was no longer needed. Many calls were made, and letters written by people who felt that the Hippo Habitat was needed. They wanted their families, especially the children, to experience watching the larger animals. The zoo listened and addressed all of the concerns. After two decades, they decided to rebuild and modernize the Hippo Habitat. James Dondero donated $1 million dollars to this effort, so that families could enjoy the wonderment of the hippos, and enjoy watching them as they amused visitors with their amazing antics. Follow James on Linkedin.

 

Western Union + PSI Pay = Joy For United Kingdom Residents

For the longest time, only financial institutions – a drawn-out term that essentially equates to banks – offered financial services to consumers. In order to get a debit card, for example, people had to consult banks like Wells Fargo and Regions. People couldn’t schedule bill payments without having a checking account. In short, consumers couldn’t do anything other than use cash if they wanted to seek out consumer-level financial services to make their lives easier and wallets fatter.

 

Today, the financial services industry is full of players that are not considered financial institutions. Take, for example, PayPal. In the past, sites like eBay used PayPal to secure payments from customers and pay sellers of such goods. Today, PayPal offers customers prepaid debit cards for a charge of only $4.95 per month; many people prefer PayPal prepaid debit cards because they can’t be overdrawn like checking accounts at traditional banks – those mistakes cost upwards of $30 at almost all banks across the United States.

 

Consumers in the United Kingdom now can use Western Union to top up digital wallet balances

 

Digital wallets are a relatively new concept. People put electronic money in them as opposed to cold, hard cash. Electronic money is nothing more than when an entity like PSI Pay accepts a payment from a customer to add money to her ecoPayz digital wallet. PSI-Pay keeps the physical money – let’s say that amount is $100 – and then adds slightly less than $100 onto the account of that customer. The remainder of the $100 is retained by PSI Pay as a fee for the services it provides.

 

Last month, Western Union made available to consumers throughout the United Kingdom the ability to add money to their PSI Pay digital wallets through digital means. Until this point, people in the United Kingdom could use Western Union’s full line of traditional services, though they could not transfer money using Western Union’s website, its mobile app, the official ecoPayz app, or through any other digital means.

 

ecoPayz is part of PSI Pay’s network of digital wallets. Now, ecoPayz account holders can send money throughout the world via Western Union. Such integrations didn’t take so long to come about because Western Union and other financial services providers outside of financial institutions weren’t willing to provide them; rather, no digital payment servicer was able to fund such an integration with Western Union.

 

 

 

https://www.zoominfo.com/c/psi-pay-ltd/347918387

William Saito: Tips for success in business

Several decades ago nobody had ever heard of William Saito; the only big names mentioned during the late 1990s and early 2000s were Bill Gates and Steve Jobs. So who is William Saito? Well, William Saito is a venture capitalist who finds pleasure in finding out how things work. His story began in 1991 when he launched I/O software Inc; a company that dealt with cybersecurity. The company started by creating simple codes that would go over all the financial calculations of Merrill Lynch Company before embarking on larger projects with Sony such as the famous Biometric software. So what turned his idea to a million dollar company, below are three tips for success according to William Saito.

Financial turmoil

William Saito has maintained that economic crisis builds startups. How may you wonder? It all depends on how you view a problem, its either you complain, or you see a solution. In short, the more problems you experience, the more the answers you have. William Saito maintains that if you wish to create a sustaining startup company that is the best time

Budgetary management

Several decades ago finding funding was much harder when compared to now. Over the years financial institutions have relaxed their guidelines on financing startup companies which have been a great plus to small companies that want to go big. So you need to have a budgetary management system to help you keep tabs with your spending.

Risk

There is a famous saying; only those who risk going far that can only know how far one can go, hence success comes from failing several times, so don’t be scared to fail, always be prepared to take the next step even after failing; dust off and continue. William Saito argues that most successful companies have been built through periods of financial turmoil.

 

 

 
https://ideamensch.com/william-saito/