Bob Evans to close Texas sausage plant

Columbus, Ohio – Bob Evans Farms Inc. will close its sausage production plant in Richardson, Texas. The company cited record-high prices for sows as the reason for the closure.

“To allow BEF Foods to better manage production capacity within our foods business, we have closed our plant in Richardson, Texas, effective today, said Mike Townsley, president of BEF Foods Inc. “This closure allows us to address continuing challenges in food production, particularly record-high prices for sows, and while these decisions are not easy, they are necessary.

“We are working to assist our employees through this difficult time, and we are grateful for their service to our company,” he added.

The company has additional production plants in Xenia, Ohio and Hillsdale, Mich.

For the first quarter ended July 26, income for Bob Evans Farms declined 39 percent on impairment and restructuring costs. For the quarter ended July 26, the company had income of $9,153,000, equal to 33 cents per share on the common stock, which compared with $15,008,000, or 53 cents per share, during the same quarter of the previous year. Net sales were $329,449,000, up 2 percent from $323,441,000 during the same quarter of the previous year.

 

Source:  http://www.meatpoultry.com

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