Turosi Pty Ltd. has recently been formed due to the merger of Turi Foods and OSI International. This is a fifty percent merger on both sides. Turi Foods has a lot of expertise and experience in farming and processing Australian poultry. This is being combined with the reach and scale of the OSI Group. This means Turosi will have the capability to provide the marketplace with a full range of food solutions. David McDonald has been a large part of the success of the OSI Group.
The OSI Group and Turi Foods will continue the operations of plants located in Victoria, Geelong and Thomastown. The manufacturing of the processed products at Blacktown in New South Wales, Eagle Farm in Queensland and Broadmeadows in Victoria is expected to continue. Several farming operations located in Victoria will also continue production. The OSI Group has been concentrating on an international expansion. This is partially due to the vision of David McDonald as well as his experience in the industry. The merger with Turi Foods is part of this expansion.
Turi Foods is a family owned business in addition to being one of Australia’s largest processors of poultry. The company supplies roast chicken outlets, quick service restaurants, butcher shops, specialty chicken retailers and major supermarkets. The OSI Group is a privately owned company. David McDonald makes numerous decisions regarding their wide variety of proteins supplied to major retail outlets, foodservice markets and quick service restaurants all over the Asia-Pacific region.
All stages of the merger transaction for Turi Foods were acted on by Grant Thornton. His due diligence was necessary for the complex tax structures of the deal, the post deal integration and a completion of the accounting. The determination for a shared ownership was decided on by both the OSI Group and Turi Foods. Both companies believe their similar culture will enable them to share their individual expertise. The result is expected to be a food solution group that is world class. The Chairman of Turi Foods is Sam Cuteri. He announced he was anticipating bringing the dedicated teams of Turi Foods and the OSI Group together.
Both Turi Foods and the OSI Group have built strong businesses with good reputations for their customers. David McDonald believes the merger between the two companies represents a tremendous potential. He feels their customers can be served in innovative and new ways. This will additionally provide opportunities for the two teams to achieve excellence together.
David McDonald info: angel.co/david-g-mcdonald