OSI Group, L.L.C. has acquired Baho Food, a Dutch manufacturer of convenience foods, deli meats and snacks serving the food service and retail segments. Financial terms of the transaction were not disclosed.
“Adding Baho Food to our OSI Europe business gives OSI a broader presence in Europe,” said David G. McDonald, president and chief operating officer of OSI Group. “The company’s portfolio of products and brands complements OSI’s current processing strengths while broadening our capabilities to best serve the evolving needs of our customers.”
Baho has five subsidiaries with processing plants in Germany and the Netherlands. The five companies, which include Gelderland Frischwaren, Vital Convenience, Henri van de Bilt, Bakx Foods and Q Smart Life, serve customers in 18 European countries.
Baho Food’s managing director, John Balvers, and his team of managers will remain part of the business and work with OSI executives to develop a growth strategy for the newly combined companies.
John Balvers, managing director of Baho Foods“I am excited about becoming part of the larger OSI Group,” Mr. Balvers said. “OSI has outstanding relationships with both its customers and suppliers. Baho Food, as part of the OSI Group, will be well positioned to leverage on the experience and capabilities of OSI. With our combined strengths we will be even better able to support our customers in realizing their strategy and offer them a broader product portfolio. This transaction will accelerate our growth strategy and support us in jointly realizing our goals.”
Source: Food Business News
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