When Sheldon Lavin approached Otto & Sons in 1975, he only wanted to help the company to access funds from the lenders through his financial consultancy firm. However, when he got an opportunity to learn more about Otto & Sons, now known as OSI Group, he realized that it isn’t the typical food company in the U.S.
OSI Group has deep roots that run back in the early 1900s when a German immigrant known as Otto Kolschowsky established a butcher shop in Chicago. OSI Group was among the few companies that survived the great depression to dominate the food industry seven decades later.
How Sheldon Lavin joined OSI Group
In 1975, the sons of Otto Kolschowsky approached Sheldon Lavin, who then owned a consultancy. They wanted Sheldon, through his consultancy firm to organize funds for the company from the lenders. Otto & Sons had just rebranded to OSI Industries and it was on a mission to expand to foreign markets.
After realizing the huge potential in the company, Sheldon did not only organize funds for the company, but he also became a business partner by acquiring a controlling 50 percent stake. Together with other executives, Sheldon led OSI Industries to set foot into new markets in Europe, China, India, and North America.
It was easy for OSI Industries to penetrate these markets since they had already built a reputation by offering high-quality products to their customers. The company focused on diversification to introduce new products for the new markets. As a result, OSI industries diversified its product line to include other products such as beef patties, sausage links, fish, pork and poultry products. The company’s revenues also shot upwards to the tune of $6 billion according to a recent report published by the Forbes.
Sheldon’s early career and education
Sheldon Lavin studied Accounting and Finance which led to him establishing a Financial Accounting firm. His consultancy firm focused on helping food companies in America to access funds for expansion from the lenders. That is how Sheldon landed a consulting deal with the Otto & Sons.
What are his achievements at OSI Group?
Sheldon is recognized for many great things at OSI Group. Among them include leading the company through successful acquisitions over the year. Thanks to Sheldon, OSI Group is now supplying food products to clients in more than seventeen countries across the world. Due to his outstanding commitment in OSI Group, Sheldon has won several awards that include the coveted Global Visionary Award in 2016.