The Successful Expansion Of Otto & Sons Into OSI Industries

OSI Industries has been a part of the innovation in food services for 100 years. They have become one of the biggest food providers on the globe. The company began with a German immigrant in Chicago, Illinois named Otto Kolschowsky. Two years after coming to the United States he opened a little butcher shop and meat market. His success led him to expand into the wholesale market. In 1928 the business was renamed Otto & Sons. The business remained successful and stable for several decades. The demand grew once the modern suburbs were built and a business alliance with McDonalds was formed.

The company became the main supplier for McDonalds. McDonalds main product was hamburgers and Otto & Sons offered an affordable and consistent supply. This became easier at the end of the 1960’s when flash freezing meats became possible. The first plant dedicated to McDonalds was built in 1973. The company began supplying the Midwest and was again rebranded as OSI Industries in 1975. The leadership of the company changed from a family business when Sheldon Lavin became a partner in OSI Industries in 1975. The manufacturing capabilities began to increase and a plant was opened in West Jordan, Utah. During the 1970’s and 1980’s more plants were established.

When McDonalds entered the international market, OSI Industries followed. This began in 1978 with Germany and in 1980 Spain followed. The company expanded to numerous countries in the 1980’s and 1990’s. A venture was established with K&K Foods in 1987 in Taiwan. Another venture was established with GenOSI in 1990 in the Philippines. The Wholly Foreign Owned Enterprise was formed in 1992 in Beijing. In 1996 a plant opened in Shanghai. The venture in China was the beginning of exceptional international growth for the company. This was when the company started selling new clients such as Starbucks and Burger King.

The growth of OSI Industries in the United States expanded with a partnership in 1994 with Nation Pizza and Foods. In 1986 a new Chicago OSI food processing plant opened and new lines were established. Moy Park was acquired in the United Kingdom in 1996 and Amick Farms in 2006. The WeiHai Poultry venture in China commenced in 2010 and was joined by SunOSI in 2011. The expansion continued in Australia and India. The most recent expansion efforts include Flagship Europe in the United Kingdom, a facility for beef production in Japan, OJC Foods in China, a poultry facility in Weihai.

Learn More: www.mapquest.com/us/illinois/osi-industries-llc-7716434

Top Brazil Banker Luiz Carlos Trabuco

Luiz Carlos Trabuco is the current CEO of the Banco Bradesco (Bradesco Bank), also known as Previdencia e Seguros, the second largest private bank in Brazil. Along with that title, he is also the Chairman and President, Chairman of the Board of Representatives, President of the Board of Executive Officers and Member of the Deliberative Council. His current location is in Sao Paulo, Brazil, South America.

Luis Carlos Trabuco graduated from the University of Sao Paulo, School of Sociology and Politics and received his postgraduate diploma in Philosophy, Sciences and Arts Faculty. Before joining Bradesco, he served as Member of the Management Board at Arcelor Mittal Brazil Sa. In April 17, 1969, he joined Bradesco and began his professional activities there. He became an Officer for Bradesco in 1984 and in March 10, 2009, he became the Chief Executive Officer. He is currently to date, the Chief Executive Officer of Bradesco Subsidiaries.

Luis Carlos Trabuco also has former positions with various companies and associations worldwide. He served as Managing Director of Banco Bradesco SA and also served as Vice President since March 1999. He was Department Director since from 1984 to 1992. He then served as President of Banco Bradesco until 1998. Since 2009, he has been the Chairman and Director of Odontprev. He also served as non-Executive Director of Banco Espirito Santo SA from 2009 to May 2010. He was President of ANAPP, the National Association for Private Pension Plans from August 1994 to August 2000 and a member of the managing board from the Brazilian Association for Listed Companies (ABRASCA) from July 2000 to February 2003.

Read more: Próximo presidente do Bradesco sairá da diretoria do banco, diz Trabuco

After 75 years of the bank (as of December 10, 2017), Lazaro de Mello Brandao, who had been chairing the bank since 1990, ceded to the Presidency of the Board of Directors for Luiz Carlos Trabuco. At the age of 91, after 27 years in the Council and 75 years in the bank, Brandao, one of the most powerful bankers in Brazil, requested the waiver of his obligations and presented his letter of resignation. After this resignation, Trabuco would in turn transfer the day-to-day operations command to one of the seven current vice-presidents.

As of January 17, 2018, Bradesco was to announce the successor of the bank’s current President, Luiz Carlos Trabuco ‘without fail’ before Carnival. The depature of Luiz Carlos Trabuco from Bradesco’s management was delayed with extension of the age limit to exercise the position of Chief Executive Officer of the Financial Institution, which increased from 65 to a maximum of 67 years in September 2016.

Bradesco announced on Monday (as of May 05, 2018,) the replacement of Luiz Carlos Trabuco by Octavio de Lazari Junior as President of the Bank according to oglobo.globo.com. Trabuco will continue to stay in the Presidency of the Board and will carry out his current term of President of the Executive Board until the first meeting of the Board to be held after the Next Ordinary General Meeting.

Source: https://www.istoedinheiro.com.br/bradesco-deve-anunciar-sucessor-de-trabuco-antes-do-carnaval/