A Look At How Sheldon Lavin Came To Own OSI Group

Sheldon Lavin is the owner of OSI Group, LLC. He has served as the company’s Chairman and Chief Executive Officer since the late 1970’s. He started his professional career in the banking industry where he was an investor and consultant. He first became acquainted with OSI Group when the company, then called Otto & Sons, was trying to acquire a loan in order to build a new processing facility. The facility was needed because McDonald’s Corporation wanted them to be one of their four main suppliers of fresh beef patties. Sheldon Lavin was brought in as a consultant for Otto & Sons to obtain the loan, a transaction which he successfully accomplished.

As part of the condition of the loan, the bank requested that Sheldon Lavin take an ownership interest in Otto & Sons. At first, he refused as that wasn’t part of what he did as a consultant. He did, though, make an agreement with the Otto family that he could take part ownership of the company later on. It was in 1975 that he took part ownership in the company and became a Partner of Otto & Sons when the company started looking to expand into international markets. McDonald’s asked him to join the company full-time, a request he honored.

The company, now named OSI Group, expanded its position in both the domestic food processing market as well as throughout Europe. In the early 1990’s, Sheldon Lavin took the controlling interest in the group when he bought the shares in the company that were sold by one of the sons of the company’s founder. Eventually, the other son sold his shares to Sheldon Lavin as well and he gained full ownership over the company. During this time, he started rapidly expanding OSI Group’s operations into Asia as well as further expanding in Europe.

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