Bob Evans Restaurants(NEW YORK) — Bob Evans Farms Inc. announced it will sell more than 500 restaurants across the U.S. as it splits into two businesses
The iconic family-style Bob Evans Restaurants will be sold to Golden Gate Capital, which also owns the California Pizza Kitchen and Red Lobster chains, for $565 million.
Bob Evans will instead turn its attention to its fast-growing and more profitable pre-packaged and refrigerated foods under the BEF Foods moniker.
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It says it’s expanding the food division which sells side dishes in supermarkets like mashed potatoes and sausages.
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