Bob Evans sells restaurants, acquires Pineland Farms Potato Co.
BEF Foods is a national leader in refrigerated dinner side dishes and sausage products in its core Midwest markets.
Bob Evans Farms, Inc. (BEF Foods), New Albany, Ohio, announced two transformational transactions—sold all of its restaurants and acquired Pineland Farms Potato Co. (PFPC), Mars Hill, Maine—marking the beginning of a new era.
BEF Foods plans to sell Bob Evans Restaurants to an affiliate of Golden Gate Capital, San Francisco, for $565 million.