Bob Evans Farms is sold: 3 things you need to know

» RELATED: Bobs Evans restaurants officially sold

Here are three things you need to know about the deal:

1. This is a separate deal than the acquisition of Bob Evans Restaurants in May.

The new acquisition of Bob Evans Farms comes after Bob Evans Farms Inc. sold its Bob Evans Restaurants to Golden Gate Capital in May. 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.

» Bob Evans CEO: Restaurants will remain open

2. Post Holdings is a cereal maker.

After the acquisition, Post expects to combine its existing refrigerated retail egg, potato and cheese business with Bob Evans, establishing a refrigerated retail business within Post. That business will be led by Mike Townsley, Bob Evans’ current President and CEO. Jim Dwyer will continue in his current role as President and CEO of the Michael Foods Group, managing the commercial foodservice egg, potato and pasta businesses. That will include the Bob Evans foodservice business.

» RELATED: 5 things to know about Bob Evans selling restaurants

3. Bob Evans has a major history and presence within Ohio.

Bob Evans, which was founded in 1948 in Ohio, produces and distributes refrigerated potato, pasta and vegetable-based side dishes, pork sausage, and a variety of refrigerated and frozen convenience food items under the Bob Evans, Owens, Country Creek and Pineland Farms brands. Bob Evans Farms Inc. has a major presence in Springfield, with a transportation center at AirparkOhio. The company opened its first distribution center at AirparkOhio in 2002, according to the park website.

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