It is quite interesting to note how Sheldon Lavin came in the meat industry. After all, he was a consultant in the finance sector. Even he had no plans for entering this industry. But things may not always go as planned. When the Otto Company came to his bank for finance, the bank asked Sheldon Lavin to take up the ownership position there.
But Sheldon Lavin refused as he had no expertise in the meat industry business. However, he did agree to be a consultant in this case. This is because he wanted to ensure that in case he became a partner here with the Otto family; his investment would be remaining the same with same amount of leverage.
By 1975, Sheldon Lavin got more involved with Otto & Sons. This was when the company was looking at investing overseas too. Hence he decided to become a partner in this business. This was when McDonald’s asked Sheldon Lavin to get fully involved in the business. By this time the business was called OSI. This business continued to grow as it was supplying McDonald’s. Sheldon Lavin believes in business culture as well as strategies that are employed by McDonald’s. This is why he agreed to this proposition as he decided to join the OSI Group now and started working on it full-time.
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The expansion of OSI Group was all through North America as well as Europe. This was during the 1970s. By the 1980s, the work had now moved into South America as well as Taiwan too. By then, Sheldon Lavin was able to get nearly half the control in the OSI Group. This was when one of its original partners made a decision to move out by selling. Its remaining partner had already retired many years ago. This allowed Sheldon Lavin to get complete control on voting.
When Sheldon Lavin joined OSI, he wanted to make it into something big. He felt that this was the reason for him joining the company. In case he was not able to manage this, it would be better to get back in to finance. This is why he decided to expand into the Philippines besides China, as well as Australia, and Japan. Then he moved into India as well as South Africa.
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