Technology has been incorporated into just about every field work in today’s modern society. The advancements in technology over the past 20 years has been heaven-sent to some degree because it can make a business more efficient. Foodservices have benefited greatly from technological advancements, and OSI Group epitomizes this notion brilliantly. Whether it’s the flash-freezing technology of cryogenics, or it’s the speed of a high-capacity machine, OSI has taken advantage of its options. The company’s immense size says it all. OSI Group is simply humungous in physical size as it stretches across nearly six continents. It has factories, offices and facilities in 17 nations, including Ukraine, Germany, the United Kingdom, Spain, India, Brazil, Poland, Japan and many more.
In the United States, OSI has facilities in Illinois, in Iowa, in California, in Utah and in Wisconsin. Since it was known as a major beef provider back in the day, the company built a plant that catered to its hamburger-retailor clients. OSI has fully served its community. In 1975, the company changed its name from Otto & Sons to OSI Industries. The change came because of its huge growth. This 75-year transformation was long overdue, and it marked a new era that was filled with technological advancements. This was the changing of the guard in a sense. Otto & Sons’ owners were retiring and a new breed of businessman was taking over. Sheldon Lavin just so happened to be that guy, and he has helped OSI Group to expand even more. Lavin took over as the CEO, and he has used his brilliance in finance to make big business deals.
Production and growth has skyrocketed since Lavin has come into power. OSI Group has used expansions, has used acquisitions and has used joint ventures to strengthen its foundation. There simply isn’t anything left to say, but OSI Group will surely go down as one of the best food providers in modern-day history.
Independent gas and oil firm Talos Energy was founded by Timothy Duncan in 2012 and has quickly risen to become an industry leader in the field of exploratory drilling in offshore locations. The company has major operations in the U.S. and the Gulf of Mexico and is led by a team of executives that have many decades of valuable experience in the industry. In 2017, Talos Energy was part of a massive discovery that resulted from an exploratory drilling operation in the Zama-1 field in the Gulf. The project was a cooperative venture between Talos Energy, Sierra Oil & Gas and Premier Oil. Estimates of the total yield that could eventually come out of this massive discovery are as high as 425 million barrels.
Talos Energy has recently made another huge announcement with the company’s merger with Stone Energy. The merger is valued at $2.5 billion and has huge implications for exploratory oil drilling in the Gulf of Mexico. The merger will include Talos Energy taking control of Stone Energy’s publically traded listing. The new oil company created out of this massive deal will be valued at revenue in the area of $900 million annually and will focus on the Gulf of Mexico. Even more impressive is the fact that the new entity created out of this merger has the capability to produce as much as 48,000 barrels of oil per day.
A huge part of this monumental acquisition is the result of the work ethic of Talos Energy Chief Executive Officer Timothy Duncan. Timothy’s neighborhood in Kingwood, Texas was ravaged by the devastating effects of Hurricane Harvey right around the same time that this deal was being put together. He had to dig deep and put his personal issues to the side while he worked to complete a deal that promises to have huge long-term payoffs. Talos Energy will inherit some amazing assets from Stone including the Pompano platform and several other prospective areas that have huge drilling potential. Luckily for Talos’s investors, Timothy Duncan has the proven track record to back up this bold move and the future looks bright for the company moving forward.