OSI Group Foods and Turi Foods have joined forces to merge their companies into Turosi Pty Ltd. The merger which brings an even divide between the two corporations is working together to use Turi Food’s knowledge within the poultry farming area along with the knowledge that OSI Group brings to the table for food solutions within the marketplace.
Each one of the merging businesses will continue to run their own plants while continuing to run the farming operations. The Turi Foods company was a family owned corporation which has been the largest processors in poultry in the country of Australia. They have been working to supply a variety of supermarkets as well as a number of quick serve restaurants. They work as a specialty chicken retailer and carries products for the butcher shops and outlets for chicken.
OSI Group has continued to work as a head food solution corporation which covers a range in proteins that are served to major quick service restaurants. The food service markets that span across the Asia-Pacific region covers a variety of retail outlets as well.
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During the transaction for the merger, Grant Thornton had acted on behalf of Turi Foods. He worked throughout all the stages of the deal to help out with the deal and the complicated tax structures that comes along with the merger. Not only did he work during the deal of the merger, he also worked on the post deal integration portion of the merger.
The joining of the two corporations decided that with the divide of the merger to equal parts would allow for the businesses to maintain their own shares of food solutions and marketing of the products. With each business holding its own expertise in similar aspects, the merger would allow for the customers of each business to maintain their own deals while gaining more customers.
Each one of the businesses, OSI Group and Turi Foods has been able to hold on to their strong reputations and the customers in which they serve. Since the merger has taken place, the potential of each business has been able to maintain its reputation while bringing more opportunities to their fields.
The official date of the merger between OSI Group and Turi Foods took place on May 4, 2018. Since then, Turosi Pty Ltd has been working hard to bring more products to more places in the food industry.
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