One of the United State’s largest food processing companies has announced it will acquire the British-based Flagship Europe from the Flagship Food Group, a match that both organizations say is an excellent opportunity for these two established and respected brands.
Flagship Europe made even more news recently when it changed its name to Creative Foods Europe. Chief Executive Officer Chief Russell Maddock said the name change was implemented to better reflect the company’s mission. Another contributing factor is that the company has grown considerably through internal, organic innovation and strategic acquisitions.
Maddock added that his company’s strong focus on creating new products, building new development teams and bringing in innovative chefs has enabled his operation to produce cutting-edge solutions for customers in the realm of food service markets.
OSI management was keen on the history, reputation and excellent relationship Flagship Europe has built within its market sector. Acquiring the British food company is a continuation of OSI’s aggressive focus on growth and bolstering its presence on the world stage.
OSI President David McDonald said Flagship’s range of products and brands was an excellent match for OSI’s current processing strengths. He said it broadens OSI’s ability to meet the always evolving needs of customers.
OSI Group currently has a vast international network of companies and facilities in 65 locations throughout 17 countries. It is based in Aurora, Illinois, and was listed at the No. 58 position on Forbes’ list of the largest privately-owned companies in the U.S. OSI Group is a $6.1 billion annual income operation, according to Forbes.
An OSI company spokesperson said the acquisition of Flagship Europe gives the American company a much broader base in Europe even though it already has a considerable presence there. OSI operates facilities in Germany, Poland, The Netherlands, Italy, Hungary, Ukraine, Austria and Spain.
OSI Group also has a considerable cache in the Asia-Pacific region, including China, Japan, Taiwan, Philippines and India. In China, OSI provides products for western operations such as Subway, Starbucks, Papa John’s Pizza, and Pizza Hut. OSI operates in South America, as well.
OSI is widely considered by industry watchers to be among the most innovative and environmentally savvy food processors in the world. The company focuses almost obsessively on sustainability practices, including the use of alternative, non-polluting energy sources to power its plants and operate refrigeration units. OSI also goes to great lengths to preserve fresh water resources, using low-flow faucets and other techniques that preserve water.
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