The Asia Pacific subsidiary of leading packaged food producer OSI Group has successfully completed a merger with food products supplier Turi Foods. Victoria-based Turi Foods supplies foodstuff organizations and businesses in the retail, hospitality and food service industries, including supermarkets, abattoirs and poultry retailers. The supplier owns a wide range of facilities across the states of Victoria, Queensland and New South Wales, all of which will continue being fully operational.
OSI International Foods (Australia) is a subsidiary of Illinois-based food packaging and processing company OSI Group which serves the Asia Pacific region and offers meat, fish, baked, fruit, vegetable, and frozen food products to its clients. The merger will lead to a consolidation of both companies’ Australia-based facilities; the new entity will carry out business operations under the name Turosi Pty Ltd.
In a statement announcing the merger, Sam Cuteri, who chairs the Turi Foods board, highlighted the similarities between the two companies before stating a belief that “a shared ownership will enable the organization…to share their expertise to build a world-class food solutions group.”
President and COO of parent company OSI Group, David G. McDonald, in a statement, also expressed excitement at the new merger, touting the new consolidate company’s potential to provide innovative solutions to clients’ and customers’ needs.
This news comes in the aftermath of extensive expansion by OSI into Asian Pacific and European markets, with facilities and initiatives either being acquired or launched by the company in China, Poland, the Netherlands, the United Kingdom, Germany over the past five years. OSI made its first entry into the Australian market in 1996 through a joint venture.
OSI Group began in 1909 as a meat market owned and operated by German immigrant Otto Kolschowsky. In 1917, Kolschowsky expanded the business’ operations to include wholesale meat supply, and in 1955 his company, operating as Otto & Sons, would become one of an emergent McDonald’s first four ground beef supplier. In 1973, the company’s operations will be further expanded with the opening of its first high-volume meat plant, two years before changing re-branding itself as OSI Group.