Dean Foods completes acquisition of Friendly's Ice Cream
The Friendly's Ice Cream business, under the ownership of Dean Foods Co., will continue to operate out of the facility in Wilbraham, Mass.
Friendly's Ice Cream, LLC, Wilbraham Mass., announced that it finalized the sale of its retail ice cream and manufacturing business to Dean Foods Co., Dallas, Texas, for the amount of $155 million in cash. Both dairy processors announced the news back in May.
As of today, the restaurant organization will continue as FIC Restaurants, Inc., as it operates and franchises over 260 Friendly's restaurants offering signature ice cream sundaes and other treats in the eastern United States. FIC Restaurants is owned by an affiliate of Sun Capital Partners, Inc., Boca Raton, Fla. The existing senior restaurant management team will continue to lead the Friendly's restaurant business.