There are four restaurants in Stark County.

Bob Evans Farms is selling its restaurants. 

Private Equity firm Golden Gate Capital agreed to purchase Bob Evans restaurants for $565 million, taking that portion of the company private. 

The transaction splits the company in half. Bob Evans Farms food division, which makes mashed potatoes, sausage and various side dishes, will become a standalone company. 

The food division also announced the purchase of Pineland Farms Potato Co. for $115 million. The company is based in Maine. Food division President Mike Townsley has been named the new CEO of Bob Evans Farms.

"Today we announced two transactions that are a major step in our strategic transformation that we believe will continue Bob Evans' history of success," said current Bob Evans CEO Saed Mohseni in a press release this afternoon. "The sale of Bob Evans Restaurants enables us to concentrate exclusively on BEF Foods, our fastest growing and most profitable segment." 

Mohseni's will continue to lead Bob Evans restaurants.

"We believe this focus will result in higher returns for our shareholders and, as a more focused private business, Bob Evans Restaurants will be better able to deliver on its brand promise of providing quality food and hospitality to every guest at every meal," Mohseni said in the press release. 

"We believe our talented restaurant teams, combined with Golden Gate Capital's industry expertise and significant resources, positions Bob Evans Restaurants well for realizing its full potential."