OSI Merger With Turi Of Australia A Natural Fit
OSI Group, one of America’s largest, privately-owned meat processing companies, has made no secret about its policy of aggressive growth in recent years.
Key acquisitions and mergers on an international scale are part of an overall strategy to expand the company’s global reach and presence, while also maintaining extraordinarily high standards for quality, safety and environmental sustainability.
OSI President David McDonald said an essential element of his company’s modus operandi has been to create “dynamic and successful partnerships.” A recent example is the OSI merger with Turi Foods, an Australian-based firm headquartered in Thomastown, Victoria. It has a number of facilities operating throughout this southeast Australian state.
Turi serves supermarkets, fast-food restaurants, butcher shops, specialty chicken retail business models and roasted chicken dealers. It is among the largest businesses of its kind in Australia. Merging with OSI seemed a natural choice for both companies.
David McDonald said both Turi and OSI have built strong reputations with customers. With this merger he sees enormous potential to innovate like never before using the combined capabilities and unique inroads both companies have nurtured over years of operation.
Upon completion of the Merger, Turi will become Turosi Pty Ltd. Sam Cuteri is Chairman of Turi Foods. He touted the “similar corporate cultures” of OSI and Turi. This will provide a synergy to create a “world-class food solution group,” he said.
Mr. Cuteri is an immigrant to Australia from Italy. He started as a humble laborer for a small chicken processor when first arriving. After learning the business from top to bottom, he established his own operation in 1976 — a company that would eventually become Turi foods.
While Tutri goes back some 40 years, OSI Group is one of America’s most venerable companies with more than a century of operation. Like Turi Foods, OSI Group was founded by a hard-working immigrant with a dream. German immigrant Otto Kolschowski started off with a basic butcher shop in 1909. That small family operation grew into what is today a $6 billion annual revenue company with 65 operation in 17 countries around the world.
David McDonald has been president of OSI for more than 30 years. Like his counterpart at Turi Foods, McDonald hails from humble beginnings. He grew up on a small family farm in northeast Iowa. After graduating from the University of Iowa with an agriculture degree, he started work at OSI on “the bottom rung.”
David McDonald worked his way to the top of OSI where he remains among the most successful and enduring company presidents in the United States.
About OSI Group: www.osigroup.com/news/