Consolidating the food service industry has been one of the goals of one of America’s Top 100 food companies: the OSI Group. The latest acquisition involves Flagship Europe. This recent acquisition serves two purposes: 1. increases the brands’ presence in Europe and 2. expands its product line.
“Brexit Business Opportunities”
Many individuals and companies are still unsure of the full ramifications of Brexit. This vote represented the uncertainty, frustration and rejection of the present European Union politics. The good news is that Brexit may offer a number of corporate acquisition possibilities for the astute.
Previously, British food services were focused on providing products for the entire continent. As the European Union has struggled, some might have decided to cut back. Now, the OSI Group can purchase the high-quality UK food businesses, which might want to readjust their long-term plans.
“Expanding Food Line”
Nowadays, there is no reason to “reinvent the wheel,” there are already plenty of great foods to find, all around the world.
OSI Group acquisitions take fully-developed food product lines with sales staff and customers, adding them to its strong business management team with its solid capital resources. Banks are less hesitant to lend to large conglomerations. Everyone wins with these food service acquisitions.
“Capital Resources for Expansion”
Flagship Europe supplies mayonnaise, sauces, dressings, sous vide products, pies and frozen poultry to the UK market. After the Brexit vote, its European funding sources might have dried up. Now, it can expand with the addition of OSI Group funding.
Flagship Europe’s chief executive Russell Maddock said that new OSI Group capital sources, clients and markets “will enable us to serve our customers better and support our already successful business.”
OSI COO David McDonald said that Flagship’s addition will give “OSI a broader presence in Europe. The company’s portfolio of products and brands complements OSI’s current processing strengths while broadening our capabilities to best serve the evolving needs of our customers.” Everybody wins.
For more information about the company, click here.