OSI Group: Brief History to Success

The OSI Group is the leading protein product manufacturers in the United States. They have included in the Forbes list of the most successful companies in the country, and they are already expanding their presence overseas. Despite the international recognition of the OSI Group’s brand, the company still looks back to their humble beginnings, back in the 1910s when an immigrant from Germany decided to establish his meat shop in the state of Illinois.

The OSI Group was founded by Otto Kolschowsky, shortly after he arrived in the United States. He wanted to establish his own business to provide for his family, and he thought that creating a small meat shop would be enough to feed his family. The meat shop that he established gathered a lot of customers because of the quality of meat that he sells. Later on, he had to make another branch because of the growing demand for his product. The business was known back then as Otto & Sons, a brand he patented in 1928. The business continued to become successful, and it started getting the attention of big brands in the food industry. Their partnership with McDonald’s in the 1950s changed the whole company forever.

As McDonald’s is just starting their dominance in the food industry, the company wanted to look for trustworthy business partners that would provide them with the best beef patty. Knowing the reputation of Otto Kolschowsky’s company, McDonald’s offered a deal with the company, urging them to be their official suppliers of beef patties. The German immigrant agreed with the deal, and a formal partnership began. As McDonald’s influence grew around the world, Otto Kolschowsky’s company benefited, and they also had to expand because McDonald’s keep on expanding. With the introduction of newer technologies in food preservation, McDonald’s had to terminate with contracts with other suppliers, but it was a different story for Otto Kolschowsky. McDonald’s kept their partnership with him, providing the company for growing further.

Today, after the ownership was transferred from the Kolschowsky family to other investors within the company, the OSI Group still proves that they are the best protein manufacturers in the country. The OSI Group stated that the company now has 65 facilities around the world, and they are actively operating in 17 countries. They also had 20,000 employees as of the present year, and it is projected to increase further as the company develops new ways of handling food products.

Talos Energy: Growing to Purchase Others

The chief executive of the company is Duncan(45 years old). In last months four months, Duncan was orchestrating $2.5 billion mergers using his private company with a Stone Energy. He publicly traded and became bankrupt. When acquiring trouble outfit, it was a risky play but would make Talos Energy to be a public entity and there will be no public offering expense.

He kept telling him that he has to let the deal closed. Flood is not always an excuse. He called a private plane for his family and they took them to Alabama. When he returned to Texas, he used to camp in his parents home. He used to work late night after dinner. He did the negotiation in his mother’s dining room.

In may after the merger was completed, Talos Energy was to take Stone’s listing over, and by doing so, Duncan will know be presiding the oil company that generates $900 million annually. Most of Talo’s assets will be located in the Gulf of Mexico.

It was a contrarian bet. The crowds are now somewhere else like Permian Basin, where there is an application of technology in old reservoirs. Talos can be said to be a classic wildcatter. Duncan is now refreshing the burst due to high-energy enthusiasm.

He is a guy who has made the tough situation. Talo’s has now its biggest asset being Phoenix field that is in 165 miles south of New Orleans. It was developed first by Chevron, where it drilled half-dozen of the wells and then installed production platform. It tethered seafloor down 4,000 feet. Hurricane Rita came in 2005 and capsized roughly 13,000 tons of typhoon platform which sent it to drift 60 miles crossing the gulf.

The asset that looks promising for Talos to inherit is Pompano platform from stone. It was acquired with $200 million from BP together with some new drilling prospects. Duncan takes it as a developed deepwater model because he will turn the new discoveries into existing ones.

Duncan had founded Talos in 2012 with $600 million, an equity fund from Apollo and Riverstone. He later paid $620 million in next year while acquiring Phoenix together with other assets.

Their Facebook Page: https://www.facebook.com/talos.energy/