OSI Group Achieves Expansion From Simple Beginnings To Current State Of The Art Mega Distributor

In the beginning there was beef

From Humble beginnings, the founder of OSI Group, formerly doing business as Otto & Sons, started his butcher shop in 1909. Another new face came into the picture mid-century, someone with a small hamburger joint that he planned to franchise. The restaurant agreed to partner with Otto & Sons and receive their beef products exclusively from Otto. As the hamburger stand grew, the demand increased for the beef products from Otto & Sons. Together they made a fast food legend, known all over the world as McDonald’s Hamburgers.

Bigger, Better, Bolder

With the early rapid expansion of McDonald’s, the company needed to produce more and more beef patties. They accomplished this in the 70’s by dedicating a state of the art facility solely for the products that were served in McDonald’s restaurants. By this time, the company was transitioned into OSI Industries, and is now the Food Processing Giant OSI Group. The CEO has focused on expansion in the last few years. The demand for processed meat products on the global level has created an opportunity for OSI Group to expand into it’s current 65 facilities across international borders. The headquarters are located in Illinois, but there are processing plants in 17 countries. With expansion came further opportunities, including the implementation of additional foods, such as the Riverside, CA plant produces. This plant processes salsa, tofu, and bean products. Additionally OSI Group has vegetable and frozen retail products.

Leader In The Industry

Continued growth has been a true American Dream story. From a German Immigrant named Otto Kolschowsky to one of the most prominent Food distributors in the world, the small family business became a leader in supplying major retailers with fresh processed foods. From poultry to fish, beef to bacon and everything in between the multi-billion dollar company has negotiated the acquisition of major food suppliers such as Tyson and Baho Foods. The expansion into Asia-Pacific regions, Australia, and South American countries in addition to many more, was a smart move for OSI, but two of the major contributors are Europe and China. The introduction into the WTO made China’s ability to implement a facility in their country possible. Now OSI Group has additionally opened a dedicated R&D facility in Shanghai. The extreme growth in the 70’s was a result of OSI’s commitment to innovation, and it seems that the same is true today. With the CEO Sheldon Lavin’s dedicated efforts in R&D, food safety, efficacy, and environmental impacts, the future of the company is definitely sound.

PSI-Pay’s Growth Continues To Excel

One of the United Kingdom’s leading regulated financial technology (FinTech) companies, PSI-Pay Ltd., has been making payment solutions available on a worldwide basis for more than ten years.

The intent of PSI-Pay’s new technology is to challenge conventional financial approaches in dispensing financial services.

Launched in 2007, PSI-Pay, has been a Principal Issuing Member of MasterCard International since 2009 and licensed to deal out debit and prepaid payment cards, virtual cards and contactless (paypass) programs. In 2011, PSI-Pay obtained its Electronic Money Institution license which authorizes the company to issue electronic money throughout the European Union (EU).

Regulated by the UK Financial Conduct Authority, the Authorized e-Money Institution, PSI-Pay supplies a prompt, private and secure way for both individuals and companies to make payment transactions worldwide. PSI-Pay members can deposit and withdraw funds from the banking network in 44 currencies and 173 countries.

Phil Davies joined PSI-Pay as an advisor in 2010 and was appointed to the board a year later. Davies, an acknowledged payments industry specialist, is more than satisfied with PSI-Pay’s growth especially during the company’s best year, 2015.

Business volumes stepped up 29 percent, income revenue climbed 45 percent and pre-tax profits rose by 5.5 percent in 2015 compared to 2014 which realized a 15 percent increase in revenue and 43 percent gross profit.

Davies commented in a statement that the increase validated the quality and competence of the company’s staff. He also called attention to the thriving promotional campaigns that included the launch of PSI-Pay’s affiliate program, the introduction of new products and the growth into additional countries.

What’s more, Davies pointed to advances in payment card program sponsorships as well as early positive signs for the year ahead.

In 2016, PSI-Pay revealed it has teamed up with Kerv Wearables to enable users of the Kerv contactless payment ring to pay in more than 38 million worldwide locations. Users will also have the capability to support their account through a debit or credit card, PayPal or bank transfer as well as check over their spending in real-time.

The Kerv ring, which is waterproof and scratchproof, is linked to a Mastercard prepaid account issued by PSI-Pay.

According to Davies, Kerv offers one of the most original and inventive solutions in the market. He also said PSI-Pay is pleased to be partnering with Kerv and its ground-breaking payment applications.

About PSI-Pay: www.linkedin.com/company/psi-pay-ltd