U.S.-based OSI Group has acquired Park 100 Foods, a kettle-cooked food manufacturer headquartered in Tipton, Indiana.
The acquisition will further diversify OSI Group, the world’s 30th largest poultry producer, as a global agrifood company.
The addition of Park 100 will expand OSI Group’s current portfolio by providing additional sauce-processing capabilities and expertise as well as entry into the soup and macaroni and cheese categories.
Established in 1976 as a manufacturing facility for portioned breaded meats, Park 100 increased its scale to include kettle-formulated frozen soups, sauces, chili, side dishes, gravies, and macaroni and cheese. Park 100 employs more than 600 team members with plants located in Tipton, Morristown and Kokomo, Indiana, as well as Fort Worth, Texas.
“This is an incredible partnership of similar cultures and business approaches that will help us broaden our overall OSI processing capabilities,” said OSI CEO and President Dave McDonald. “The food business is all about relationships and Park 100 has done an excellent job providing unparalleled customer service. We are thrilled to have the Park 100 team join us as we explore new, unique solutions to meet the evolving needs of customers and consumers.”
The addition of Park 100 will complement OSI’s existing business while providing a significant presence in the attractive soup, sauce, and macaroni and cheese categories.
Current Park 100 Co-President Rick Mager will become Managing Director of Park 100 Foods and join the OSI North America Leadership Team. He will report to Kevin Scott, OSI Senior Executive Vice President and leader of the OSI North America business. Park 100 leaders, CEO/Founder Jim Washburn, Founder Gary Meade and Co-President David Alves, will stay on as consultants to assist with the transition and integration.
“When we began looking at an organization that could carry on the Park 100 legacy, OSI clearly stood out as a customer-focused company with an impeccable reputation,” said Park 100 CEO and Founder, Jim Washburn. “OSI not only has an impressive customer reach but also takes pride in its family atmosphere, which was a vital element when considering what was next for Park 100 teams.”
Headquartered in Aurora, Illinois, OSI Group has more than 67 facilities and 20,000 team members in 17 countries and regions. It sells products to customers in 77 countries.
As a poultry producer, OSI Group slaughtered 320 million broilers during the past year. It’s three poultry producing subsidiaries are Amick Farms, United States; Turosi, Australia; and Otto & Sons Weihai, China.
According to information from the WATTPoultry.com Top Poultry Companies Database, Amick Farms is the 10th largest broiler company in the United States, Turosi is the third largest broiler company in the Oceania region, and Otto & Sons Weihai is Asia’s 38th largest broiler company.
Turosi is also Australia’s second largest egg producer.
