The remaining Bob Evans Farms food division, which makes mashed potatoes, sausage and other prepared dishes, will become a standalone company that will include Pineland Farms Potato Co. A private equity firm is buying Bob Evans restaurants for $565 million and taking the business private. at the same time it’s splitting its restaurant and processed food businesses in two. Haggett said that under the agreement the Pineland cheese packaging operation at the Mars Hill factory will be phased out within a year.īob Evans, a publicly traded company based in New Albany, Ohio, is acquiring Pineland Farms Potato Co. The deal is expected to close by May and will not affect the separate Pineland Farms meat, cheese or New Gloucester campus operations. ![]() Within a few months, Haggett said in an interview, the factory could ramp up its full capacity to handle 180 million pounds of spuds per year. The company expanded its production in recent years and serves restaurants, grocery stores and also Bob Evans, now one of its largest buyers, Haggett said. Broasted chicken a process using special equipment that blends deep frying and pressure cooking was tested in the Cincinnati market this year and is now in 221 restaurants. ![]() The 125,000-square-foot potato facility employs almost 200 people and buys about 100 million pounds of potatoes from 25 local growers annually. Broasted chicken a hit at Bob Evans, but full rollout will take longer. “They are the ideal stewards for the enterprise and its people.” ![]() “This industry leader’s entry into Maine is something we have been working toward for a long time,” Libra Foundation president and chief operating officer Jere Michelson said. “We have made tremendous strides in Maine, but there are practical limitations on how much further current owners would be able to take this business,” Haggett said in a news release.
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