Sheldon Lavin is the chairman and chief executive officer of the OSI Group, LLC, one of the world’s largest suppliers of food products, food services and retail brands. He entered the industry more than 40 years ago, and has managed to grow the company exponentially and take it to where it currently is.
Sheldon Lavin previous job was an investor and a banking executive, and he also owns a financial consulting firm. However, he decided to challenge himself and entered an unfamiliar world, where he found himself working for a company focusing on supplying food products.
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The company was still named Otto & Sons back in the 1970s, and it was the first time when Sheldon Lavin met them as he assisted the company with financing inquiries. During their early days, they managed to build a meat processing plant and became the largest supplier of hamburgers in the Midwest for McDonald’s Corporation; however, they needed funding so they seek the help of Sheldon Lavin who owns a financial consulting firm back then. The banks made an agreement that in order to secure funding for Otto & Sons, Sheldon Lavin should be given an ownership position. He initially declined the bank’s offer, but Sheldon Lavin soon accepted it when a new agreement was made where he would be given a financial investment that is in the same degree as the Otto family if he decided to become a partner.
At first, he is working indirectly with the company, but as the Otto patriarch decided to retire and left his sons to manage the company, Sheldon Lavin became more involved. McDonald’s have seen the potential of their partnership with Otto & Sons, so they decided to talk with Sheldon Lavin and persuaded him to work full time with the company. Otto & Sons became OSI Group, and the company began to expand, opening new offices overseas.
They started to operate across North America and have since made their presence felt in Europe, and they also made an expansion throughout South America and Asia during the the 1980’s. When the original owners decided to retire and sell their company shares, Sheldon Lavin took over. During his term as the company’s leader, he managed to strengthen the company’s ties with its partners, making it a successful corporation.