May 10, 2016

Dean Scoops Up Friendly's Ice-Cream Assets for $155 Million

 |  By: Bloomberg News

Dean Foods Co., the largest U.S. dairy processor, agreed to buy the manufacturing and retail operations of Friendly’s Ice Cream LLC for $155 million to add another consumer brand and help build its business beyond commodity fresh milk.

The deal includes Friendly’s trademark and intellectual property, Dallas-based Dean said late Monday in a statement. The company will retain Friendly’s senior management team. It doesn’t include the Friendly’s chain of more than 260 restaurants -- those will continue to be owned and operated by an affiliate of Sun Capital Partners Inc., which will license the trademark from Dean.


This block is broken or missing. You may be missing content or you might need to enable the original module.