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Bob Evans Foods agrees to buy the Pineland Farms Potato Company in Maine

Bob Evans Foods agrees to buy the Pineland Farms Potato Company in MainePineland Farms Potato Company, Inc. (PFPC), located in Mars Hill, Maine confirmed the signing of a Stock Purchase Agreement with Bob Evans Foods (BEF) of New Albany, Ohio. Under the Agreement, BEF will acquire 100% of the stock of PFPC. The Agreement, signed January 23, 2017 anticipates closing the transaction on or about April 28, 2017. Bill Haggett, Chairman and CEO of Pineland Farms Potato Company, reported that the company which specializes in state of the art production of top quality refrigerated potato products in various forms, has had excellent, high volume business relationships with Bob Evans Foods dating back to 2002. Since repurchasing the business in 2010, Pineland Farms Potato Company has enjoyed a continuous period of rapid growth and steadily improving earnings. Its owners have committed substantial annual investments to: expand the facilities, virtually triple production capacity, reduce operating costs and increase employment. More