OSI Industries Chosen by Impossible Foods to Co-produce their Impossible Burger

OSI Industries

OSI Industries had its beginnings in 1909 when Otto Kolkovsky and his two children, boys, immigrated from the European Continent. Otto was happy to be in America and soon moved to a small suburb in Chicago called Deer Park. Otto found many opportunities as a butcher and soon he his two sons opened a meatpacking company. Otto & Sons became famous in Chicago and grew nationally over the years. Mid-century when Ray Kroc, the McDonalds franchise was launching his company all over America, and abroad he chose Otto & Sons as his meatpacker and distributor. Now, after 65 years of innovative leadership with McDonalds and over 100 in the meatpacking industry OSI Industries is entering a new era with his recently being chosen as the co-producer of the Impossible Burger by Impossible Foods. Sheetal Shah, speaking for Impossible Foods, says Impossible Foods looks forward to working with the Innovative meatpacker and distributor of McDonalds. Also, Mr. Shah said Impossible Foods is confident they can go anywhere and even everywhere with the co-production and distribution support of OSI Industries.

Learn more about OSI at zoominfo.com

Impossible Foods

Impossible Foods opened its offices in 2011 at their headquarters in Redwood where they had one goal to accomplish. They wanted to make a healthy option for the beef burger, which had all the characteristics of beef but was plant-based. After five years of research and development, Impossible Foods launched its Impossible Burger. The debut of the impossible Burger took place in downtown New York in the presence of many food critics and luxury plant-based food purveyors at David Chang’s restaurant Momofuku Nishi. After the debit of the Impossible Burger, many orders were received at Impossible Foods headquarters. Unable to keep up with the mass of rules that had accumulated by mid-2019 Impossible Foods signed a co-production agreement with OSI Industries.

Future of Impossible Foods

Impossible Foods has plans to extend its reach into other plant-based foods and has already produced a plant-based sausage which is currently being used in selected Little Ceasar restaurants. OSI will continue to so-produce the Impossible Burger as well as distribute thru its locations in 17 countries as well as 65 international locations.

Check out: https://www.monster.com/jobs/c-osi-group

Wondering What Future Lies Ahead, HGGC Brightest Plans Ever?

HGGC, a prominent California-based technology buyout firm, restructures leadership, as it embraces Neuberger Berman subsidiary alliance. Neuberger Berman Group’s primary acquisition vehicle, Dyal Capital Partners joins HGGC’s family of investors as a minority stakeholder. It maintains that the “Advantaged Investing Strategy” won’t deviate from its core vision.

The billionaire private equity holding has since appointed executive successors, enlisted new team players, and elected future shareholders. Les Brown, Steven Leistner, Lance Taylor, Jack Block, and Harv Barenz made partner. All talents have assumed pivotal corporate roles, where they’ve spearheaded various core projects for the investment giant.

Harv Barenz manages the firm’s business development side. He’s held this position since 2008 when he began his journey with HGGC. Steven Leistner joined the family the following year. He heads the manager’s fund series investments, which comprises of Dynata, Denodo, iQor, Selligent, etc. Les Brown has been around since inception. A former Dynata board representative, Brown now chairs Nutraceutical International Corporation.

Another fund series investments expert, John Block, started working with the group in 2010. He’s managed some of the firm’s elite clientele like Citadel, Hybris and Hollander. His current portfolio includes HelpSystems, Pearl, Davies Group, Mi9, FPX, Aventri, Innovative, and Integrity.

The CFO, Lance Taylor, also has an incredible background. He’s been a pivotal agent in ensuring optimal performance of HGGC’s accounting finance ecosystem. He’d functioned in a similar role with his previous employer, Calera Capital. In addition to his primary role as CFO Taylor was the firm’s CCO and MD.

Founders Steve Young, Gregory Benson, Bob Gay, and Richard Lawson established HGGC in 2007. The team strives to connect with sponsors, entrepreneurs, and senior executives across North America. As experienced relationship investors, they’re leveraging a strategic partnership model to scale differentiated middle-market companies through an advantageous collaboration.

It sources these collaborative experiences through recapitalizations, liquidity events, platform investments, add-on acquisitions, etc. Today, HGGC’s net value stands at $20 billion, of which, 21.5 percent accounts for cumulative commitments. Throughout its operational timeline, it’s accomplished 120 successful platform investments. The group takes a keen interest in the following sectors: software, healthcare, consumer, industrial, and information services.

https://www.iam-media.com/defensive-aggregation/rpx-board-accepts-555million-purchase-offer-palo-alto-private-equity-fund