OSI Industries: Purchased a Former Tyson Food Distribution Plant

The OSI Group is an organization that provides a variety of services to the food as well as the retail industries. At present, OSI Group is based out of Illinois. The organization has been in business since the early 1900’s. In addition, OSI Group was said to be worth over $3 Billion dollars in early 2013.

Sheldon Lavin is currently the CEO of the OSI Group. Mr. Lavin has a great deal of responsibility on a daily basis. Lavin is continually researching the food industry trying to come up with new and innovative methods of servicing a very demanding and growing fast food industry.

OSI purchased a former Tyson Food distribution plant in 2016 within the South side of Chicago. OSI purchased the plant for a little over 7 million dollars. The deal was finalized in November 2016.

The OSI Group first started as Otto & Sons and it served a very localized area. However, by the early 1950’s the company had experienced substantial growth. By the 1960’s The OSI Group was a regular supplier of food products to major restaurant chains such as Mc Donalds. To date, Mc Donalds is still one of OSI’s major clients. OSI supplies Mc Donalds and other food chains with beef and other meat products used on a regular basis.

OSI Group was one of the first organizations to implement the use of Cryogenic Food Processing as means of preserving food products for prolonged periods of time. Once the company expanded into the Chicago area in the 1970’s, every one of OSI Group’s processing plants used the Cryogenic Food Processing Method. By the mid 1970’s the OSI Group became known nationally as a major distributor of food products to fast food and restaurant chains. The company is listed as one of America’s 100 top food company’s.

In the early 1990’s OSI Group opened processing plants in China and Germany. OSI’s expansion efforts were quite successful and the company has a strong and profitable client base. Sheldon Lavin efforts have proved successful and he has become a highly respected and well known businessman.

Forbes has published several articles about the OSI Group and their success. In addition, Forbes stated that in 2016, OSI was one of the largest private organizations earning substantial revenue which well exceeded 5 Billion dollars. The most recent plants opened by OSI Group are located in Geneva, Iowa and Riverside California.

OSI Group info: www.foodworks.pl/en/osi-group-en.html


Kerrisdale Short-stocks a Public Company

Kerrisdale Capital Management’s CEO and founder, Sahm Adrangi has gathered in the recent past one hundred million dollars from investors. The fund is planning to short stock an upcoming public company. This information was given to the Reuters by a person who has the insight into the plan. The person did not want his identity known to the public as the matter was not to be released to the public.

Being a relatively small company, the big sum of money the co-investors raised was one of a kind that the company has ever raised in a single event since its launching. It is common for a large sum of money to be raised by hedge fund managers especially when it comes to helping a power plant facing challenges or even crisis in mortgage security. Kerrisdale plans to use the money in betting against an unnamed public company that is intended to be launched in the mid of May.

The success in gathering the amount is a clear indication of the firm’s success in winning the trust of the community according to an email that Adrangi wrote to the investors. Adrangi went on to say that they have succeeded in taking the $10 worth company. Adrangi together with his colleague, Shane Wilson is now planning on items to us in convincing the public of their intentions. Kerrisdale has already started sinking roots into the company as they have already begun buying stock.

Sahm Adrangi launched the Kerrisdale Capital Management in the year 2009 with a capital less than 1 million dollars. He has involved himself actively as the Chief Investment Officer to ensure that the company grows. The firm is currently managing about five hundred million dollars with the new amount collected.

Sahm Adrangi graduated with Bachelor of Arts in economics and started his career at Deutsche Bank in finance. He was responsible for credit in which he performed excellently to leverage loan debt financing. In addition to this, he was also an advisor to the creditor committee at the Chanin Capital Partners. Afterwards, he was involved in the multi-billion-dollar distressed debt hedge fund.

For details: www.kerrisdalecap.com/