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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OSI is a large meat processing company. It was founded in 1909, in the city of Chicago, in the United States of America. OSI was established by a newcomer from Germany. In the beginning, they opened a meat shop in Oak Park. In 1917 he shifted it near Maywood and elaborated to a wholesale meat trade. In 1928 OSI was known as “Otto & Sons”. Due to their food quality in 1928, they got an offer of supplying beef patties to McDonald. And after that, they became the main supplier of beef to all McDonald restaurants. West Chicago In 1973 they established a meat plant in which they had patty-developing machines and liquid nitrogen freezing tunnels. They took small orders in the local area and their main source was McDonald restaurants. Subway, Starbucks, Papa John’s Pizza, and Pizza Hut
They expanded with McDonald and in 1975 renamed to OSI Industries. In 1999 they acquired a license to sell under Glenmark brand. In 2011 it became 136th largest company in the USA as per Forbes records. OSI obtained Baho foods. It has plants in Germany and Netherlands. They used to deal with all kind of meat products and snacks. OSI worked with the same team which was there in Baho Foods but according to his Strategies. OSI also purchased the Tyson Foods for $7.4 million. It prepared the meal for the hospitality industries. Food items like meatballs, omelets, tempura chicken were made there.
OSI Food Solutions have doubled their chicken production capacity in Spain. Now they produce more than 45 tons of chicken, pork, and beef products. Earlier they produced 12000 tons of chicken products now it is 24000 tons and due to which twenty new jobs were available. OSI products became the best in Europe. They are it deal in frozen poultry, mayonnaise, and sauces. In Europe, they combined with the Flagship Food Groups to increase customers and their network.
David McDonald is the COO and President of OSI Food Solutions. There are eighty-two types of jobs available. Some of them are HR Receptionist, Machine Operator, Freezer Warehouse, Quality Assurance Technician, etc. And their salary is quite good. OSI deals with dough products, meat patties, bacon, hot dogs, pizza, fish, pork, poultry, and vegetable. In 2016 OSI Food Solutions was awarded the Globe of Honor Award by British Safety Council for the exemplary management of environmental risks. OSI Food Solutions stand tall in front of their competitors due to their quality and taste.