Bob Evans Farms announces closing of eight remaining Owens restaurants

Bob Evans Farms announces closing of eight remaining Owens restaurants
Tags: Trends / Statistics
January 24, 2006

COLUMBUS, Ohio — Bob Evans Farms announced that it has closed its eight remaining Owens Restaurants in Texas and signed a definitive agreement for an undisclosed amount to sell the restaurant properties, plus two additional properties, to a joint venture between The Woodmont Company, of Ft. Worth, Texas, and Commercial Net Lease Realty Inc., of Orlando, Fla. The transaction is expected to close during Bob Evans Farms' fiscal fourth quarter.

According to a news release, Owens Country Sausage, a wholly owned subsidiary of Bob Evans Farms, is not impacted by the sale. Owens will continue to operate its food production plants in Richardson and Sulphur Springs, Texas.