Bob Evans Farm Festival


OHIO FIRM RECENTLY ACQUIRED

Sunbury News Staff Reports



The Bob Evans off Routes 36/37.


Nearly 30,000 visitors from 18 states are expected to attend the 47th annual Bob Evans Farm Festival from Friday, Oct. 13, through Sunday, Oct. 15, at the Bob Evans Farm in Rio Grande, Ohio. For the first time, the festival will feature a Bob Evans buffet with signature dishes, amusement park rides and a 4K run/walk.

“It is truly an honor to continue the Bob Evans legacy and welcome families from across the country to Bob Evans Farm for a weekend of fun for all ages,” said Clark Walker, farm manager of Bob Evans Farms. “We are excited to introduce amusement park rides and a 4K run/walk this year in addition to a new buffet option, allowing visitors to experience Bob Evans menu favorites while enjoying traditional festival activities.”

Food

For the first time, the Bob Evans Farm Festival will include a buffet option, allowing visitors to try unlimited Bob Evans signature dishes for $12 for attendees ages 13 and up and $6 for children 12 and under.

In addition to the buffet, visitors can enjoy a wide variety of food options from vendors throughout the festival including bean soup and corn bread, apple cider, kettle corn, pies, apple dumplings, ice cream, Ohio-made cheeses, trail bologna and other treats.

Activities and entertainment

A first for the Bob Evans Farm Festival, the Family & Heroes 4K Run/Walk will be held on Oct. 14 at 8 a.m. The course spans across the village of Rio Grande and the University of Rio Grande and ends at Bob Evans Farm. All proceeds will benefit the USO of Central and Southern Ohio, an organization dedicated to serving U.S. military members and their families. The organization serves 65 counties in central and southern Ohio, West Virginia and northern Kentucky. All participants will receive a complimentary ticket to the Bob Evans Farm Festival. Additional information including registration and race details can be viewed at www.family-of-heroes.com/bob-evans.

Another first, this year’s festival will include amusement park rides for all ages. All-day ride wristbands can be purchased for $10 for adults ages 12 and up and $5 for children 11 and under.

Performances from lumberjacks and chainsaw carvers, an opportunity to interact with Columbus Zoo animals and farm demonstrations, including herding by Alan Miller’s Border Collies, cow milking with the Laurel Valley Creamery and pig races will also be a part of the festival. Hay rides will also be offered throughout the day. In addition, over 100 artisans are set to showcase and sell their work during the festival.

Entertainment throughout the weekend will be provided by regional and nationally-known musical artists, including Mad River Railroad, Julie Reeves Band, McGuffey Lane and The Church Sisters, among others.

A Kids’ Farmyard Fun area will feature face painting, a hay bale maze, game tent, kiddie train rides, a corn pile and a make-and-take craft station.

Visitors can also participate in contests, including team cow chip tossing, corn shelling, hay bale throwing and a pie eating contest. Registration for contests begins at 9 a.m., with the contests beginning at 10:30 a.m. and 2:30 p.m. on Friday and Saturday and 2:30 p.m. on Sunday.

The Bob Evans Farm is located on State Route 588 just off U.S. Route 35. Festival hours are 9 a.m. to 5 p.m. Tickets can be purchased at the entrance gate and are $5 for adults and free for children five and under.

For more information and to view a full entertainment schedule, visit www.bobevans.com/aboutus/the-farm/farmfestival/.

Post Holdings to Acquire Bob Evans Farms for $77 per Share

St. Louis, Missouri and New Albany, Ohio — Post Holdings, Inc. (NYSE:POST) (“Post”) and Bob Evans Farms, Inc. (NASDAQ:BOBE) (“Bob Evans”) announced Sept. 19 that they have entered into a definitive agreement in which Post will acquire Bob Evans for $77 per share.

The highly complementary combination 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.

Founded in 1948, Bob Evans is a leading producer and distributor of 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 also has a growing food-service business, representing approximately 35% of volume. The food-service business sells a range of products, including sausage, sausage gravy, breakfast sandwiches and side dishes, which are made to match individual customer specifications.

The addition of Bob Evans’ highly complementary portfolio of brands and products will meaningfully enhance Post’s refrigerated side dish offering, provide Post with a presence in breakfast sausage and will immediately provide Post with a leading position in the higher growth perimeter of the store.

The combination with Bob Evans will also strengthen Post’s presence in commercial food-service, create opportunities for future growth and enhance Post’s position as one of North America’s largest packaged food companies.

“We have enormous respect for Bob Evans’ success and are excited about the growth opportunities this combination will create,” said Rob Vitale, President and Chief Executive Officer of Post Holdings. “Combining with Bob Evans expands our portfolio of top brands and gives Post a leading position in the perimeter of the store. We look forward to welcoming the talented Bob Evans team to Post and working to create a successful future together.”

“We are pleased at the prospect of combining our complementary portfolios with Post Holdings,” said Mike Townsley, President and Chief Executive Officer of Bob Evans Farms. “This transaction creates enhanced and certain value for our stockholders, while providing further resources and reach to deliver the Bob Evans experience to a broader audience of consumers and retailers. We are very proud of our 70-year history as a beloved brand and eager to begin this next chapter of growth.”

The transaction, which was approved by the Boards of Directors of both companies, is expected to be completed in the first calendar quarter of 2018, Post’s second quarter of fiscal year 2018, subject to customary closing conditions including the expiration of waiting periods under U.S. antitrust laws and approval of Bob Evans’ stockholders.

Organizational Structure

Upon closing of 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, which 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 food-service egg, potato and pasta businesses, which will include the Bob Evans food-service business.

Financial Details

The equity value of the transaction is approximately $1.5 billion.

The Bob Evans off Routes 36/37.
http://www.sunburynews.com/wp-content/uploads/sites/48/2017/10/web1_bob-evans-sunbury.jpgThe Bob Evans off Routes 36/37.
OHIO FIRM RECENTLY ACQUIRED

Sunbury News Staff Reports