breaking news

Clark County to educate patients about pain pill alternatives

In a year of big changes, 5 things that happened at Bob Evans in 2017


It was a year of significant changes for Ohio-headquartered Bob Evans, leaving hungry customers wondering: What’s going to happen to my favorite neighborhood breakfast joint?

The major changes started early in 2017, when the company announced it sold all of its restaurant locations. The Dayton Daily News covered the company’s changes every step of the way. Take a look back at the big moments:

1. Bob Evans sells restaurants

In late January, Bob Evans Restaurants announced Tuesday it has sold all of its restaurant locations to a private equity firm for $565 million. Golden Gate Capital bought the restaurant chain, and will retain the Bob Evans leadership team to guide the transition as it takes part of the company private, the company said. READ MORE

2. Bob Evans CEO: Restaurants will remain open

Saed Mohseni, CEO of Bob Evans Farms Inc., told this news organization that customers can expect their local Bob Evans to remain open. “As I sit here today, I can say there are no closures coming,” he said. “It will be business as usual at all Bob Evans.” READ MORE

3. The restaurant deal becomes official in May

Bob Evans Farms Inc. announced the completion of its sale of Bobs Evans Restaurants to Golden Gate Capital in May. Ohio-headquartered Bob Evans sold its restaurant to the private equity firm for $565 million. Golden Gate Capital has bought the restaurant chain, and will retain the Bob Evans leadership team to guide the transition as it takes part of the company private, the company said. Net proceeds are expected to be between $475 million and $485 million, according to a company statement. READ MORE

4. Bob Evans Farms has been sold for $1.5B

Post Holdings, Inc. will acquire Bob Evans Farms, Inc. for $1.5 billion, the companies announced today. Post Holdings and Bob Evans Farms have entered into a definitive agreement in which Post will acquire Bob Evans for $77.00 per share. The deal will “significantly strengthen Post’s portfolio of brands, expand choices for customers and increase Post’s presence in higher growth categories of the packaged food market,” the company said in a statement. READ MORE

5. Local Bob Evans restaurant shuts down abruptly

In January, when a private equity firm announced it had purchased Bob Evans Restaurants, the new owners went out of their way to assure its diners that the move would not result in any immediate closures of any Bob Evans locations.

In recent days, however, the Bob Evans restaurant at 1901 W. Dorothy Lane in Moraine shut down abruptly. By this weekend, all of the building’s identifying signage had been removed, and a small sign placed on the inside entrance door says simply that the restaurant was closed “effective immediately,” and rather than referring customers to specific nearby Bob Evans restaurants, the sign directs diners to “Please visit www.bobevans.com for additional locations.”

Bob Evans still operates more than 20 restaurants across the Miami Valley, including locations in Centerville, Dayton, Beavercreek, Miamisburg, Xenia, Huber Heights, Springfield, Middletown, Hamilton and Springboro. READ MORE

FIVE FAST BUSINESS READS

• Currency of the future? Some think it’s bitcoin

• New store to open this week at The Greene in Beavercreek

• Southwest Airlines adds new flight at local airport

• 7 things we learned about lead, local water infrastructure this year

• 7 new, cheap flight options added at regional airports in 2017



Reader Comments ...


Next Up in News

Hotel evacuated after man walks in carrying multiple firearms, police say
Hotel evacuated after man walks in carrying multiple firearms, police say

Police in Henry County searched a hotel in McDonough on Monday morning after getting reports of an armed man at the hotel.
Wright Patt workers to learn today if they will face unpaid furlough
Wright Patt workers to learn today if they will face unpaid furlough

Thousands of civilian employees at Wright-Patterson Air Force Base will find out today whether they will be sent home on furlough on the third day of a partial federal government shutdown. The impact was expected to be widely felt at Ohio’s largest single-site employer with an estimated workforce of about 27,000 military personnel and civilian...
Patriots fan invited onto field Sunday to get new wheelchair from team
Patriots fan invited onto field Sunday to get new wheelchair from team

A Patriots fan whose wheelchair disappeared after last weekend’s playoff game in Foxborough received a new one from Robert Kraft before the start of Sunday’s AFC Championship Game.  Cindy Morais, of Tiverton, Rhode Island, was brought to tears when she was given the new wheelchair. >> Read more trending news  Kraft invited...
Another royal wedding: Princess Eugenie engaged to Jack Brooksbank
Another royal wedding: Princess Eugenie engaged to Jack Brooksbank

Two weddings and a baby -- the royal family continues to grow as Princess Eugenie announces she’s engaged to be married this year. Queen Elizabeth II’s granddaughter will walk down the aisle to marry her long-time boyfriend, Jack Brooksbank. >> Read more trending news  Princess Eugenie, 27, is the daughter of Prince Andrew, Duke...
Springfield man accused of selling relative’s guitars to pawn shop
Springfield man accused of selling relative’s guitars to pawn shop

A Springfield man is facing charges after he allegedly stole about $2,000 worth of guitars from a relative and sold them to a local pawn shop. MORE CRIME: Springfield man accused of whipping pregnant woman with belt Vincent T. Ware, 32, has been charged with receiving stolen property and theft charges, according to Clark County Jail records. He&rsquo...
More Stories