OSI Group Subsidiary Purchases Park 100 Foods
Acquisition will allow OSI to increase customer base and expand product offerings
A subsidiary of OSI Group, LLC announced its purchase of Park 100 Foods, a privately owned leader in custom kettle-cooked food manufacturer headquartered in Tipton, Ind. The addition of Park 100 will expand OSI Group’s current portfolio by providing additional sauce-processing capabilities and expertise as well as entry into the attractive soup and macaroni and cheese categories.
Established in 1976 as a manufacturing facility for portioned breaded meats, Park 100 increased its scale to include kettle-formulated frozen soups, sauces, chili, side dishes, gravies, and macaroni and cheese. Park 100 employs more than 600 team members with plants located in Tipton, Morristown and Kokomo, Ind. as well as Fort Worth, Texas.
The addition of Park 100 will complement OSI’s existing business while providing a significant presence in the attractive soup, sauce, and macaroni and cheese categories.
Current Park 100 co-president Rick Mager will become managing director of Park 100 Foods and join the OSI North America Leadership Team. He will report to Kevin Scott, OSI senior executive vice president and leader of the OSI North America business. Park 100 leaders, CEO/founder Jim Washburn, founder Gary Meade and co-president David Alves, will stay on as consultants to assist with the transition and integration.
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