BEF Foods’ Mike Townsley strikes a balance between the boardroom and the processing line.

The activist investor details arguments for breakup of BEF Foods and Bob Evans Restaurants.

The company expects to bring new capacity to refrigerated side dish production later this summer.

After a performance review of all locations, the eateries were not meeting expectations.

Restaurant chain continues its approach after struggles with traffic at locations.

Company will use proceeds to pay down debt, repurchase shares.

Sandell Asset Management believes Bob Evans could get more than $950 million for the unit.

Disappointing restaurant results offset strong gains in packaged foods segment in second quarter.

Saed Mohseni will join the company in January.

A makeover of its breakfast menu and a new line of retail side dishes is part of the company's 'fresh' and 'natural' strategy