Today, the OSI Group is a leader in the food industry. Quite a few people would be amazed and shocked by their early beginnings. Certainly, this is primarily due to the fact that the mega food organization is one of the largest food providers in the world, but they had a very humble beginning. In fact, the OSI Group was actually started by a German immigrant, Otto Kolschowsky. Clearly, Otto Kolschowsky would be amazed at the enormous success achieved by his small retail meat market on the west side of Chicago.
The Early Days
OSI was started by a German immigrant. Certainly, at that time, America was truly the land of opportunity for the new immigrant. Within 2 years of immigrating to the United States, he opened his first retail meat market in Chicago. His business was a success and this led to expansion after the end of the First World War. Clearly, Otto Kolschowsky knew that he was on the right track to success. Soon the businessman added his sons to the menu and the store was renamed Otto & Sons. Now, it was a truly family owned and operated business.
The McDonald Connection Begins
During the 1940s, the McDonald restaurants became a nationwide franchise. During that time, a franchise was a brand new business concept. The couple that owned the restaurants hired Ray Kroc to act as their franchise agent. Kroc opened the original McDonald’s and contracted with Otto & Son’s to be the main suppliers of fresh ground beef for his McDonald franchise. Soon Kroc rose through the organization and became the CEO of the McDonald organization. Of course, Kroc contracted with the Otto & Son’s suppliers and they rose up the ladder with Kroc.
Keeping An Eye On Technology
Otto & Son’s went through another name change. Now, they were global suppliers of fresh meat under the name of the OSI Group. The organization was always a company looking for new and innovative ways to operate. Therefore, they were very determined to deliver the highest quality service to their customers incorporating this new technology that included flash freezing or instantly freezing meat. In addition, it was an easy way to lower the cost of production too.
Today, the OSI Group has grown and gone through several name changes. However, the company still holds firmly to the principles established by their founder. Always deliver the highest quality service and products possible to the customer. OSI Group Buys Former Tyson Foods Plant in Chicago
It was 48 hours after Harvey’s tropical torment when Tim’s suburb streets became impassable with the powers off and darkness ruling the area. The news came out that another Hurricane Harvey’s great floodwaters were to hit the entire area. Duncan acted fast and took his wife along with his six-year-old son by his rescue team. That made the CEO for Talos energy a bit confused.
The Talos CEO had been preparing to close a 2.5 billion dollar merger deal with the renowned Stone Energy. Stone Energy is a company that was considered bankrupt even though it was publicly traded. The entire plan was perilous but Duncan believed that the business would make him a public figure with no aim to make the company reliance on the general public. Tim was confident that he would close the deal without the excuse of the expected floods in the area.
Tim then took a private plane together with his family and boarded to Alabama. He then came back to Texas where he decided to stay at his mother’s place while working on the plan. The location was inviting even though it was high and dry. Tim had an objective to work for late nights and come up with a plan to negotiate with the CEO of stone energy towards a successful merger. Tim Duncan has to seal the deal from his mother dining room.
Following the success of the deal, Talos will have the opportunity to take over all the stone listings and preside as the oil company’s annual revenue which was almost 900 million dollars. That would mean that all the Assets of Talos Energy will be moved to the Gulf of Mexico. Nevertheless, the company’s low-risk balance would be expected to offset the various extensive operating risks in such an area. In this area, the drilling cost will be high with the much operating cost required. The risks involved in such an area also go beyond recognition.
Many people would say that this was a contrarian bet, with other companies located in higher fields where technology would be more appropriate. The location also has high catastrophic risks because of its nearness to the water masses. However, the company proves to be a wildcatter taking chances in such an area which is beyond the U.S waters. Despite its place in political Mexico, the company can produce over 4800 barrels in any given day. Mexico is also well known for its various political insecurities. One of the most promising assets Talos shall inherit from stone is the excellent Pompano platform, which was acquired for 200 million dollars from BP together with other prospects ready for drilling. That is a proof that Duncan would make opportunities a success in the midst of crises.