Texas-based Dean Foods Company has agreed to buy the manufacturing and retail ice cream business of Friendly’s Ice Cream, LLC for $155 million.
Dean Foods will continue to produce Friendly’s ice cream out of the Wilbraham, MA facility which has produced the company’s popular packaged ice cream, frozen dessert products and ice cream for Friendly's restaurants for more than 45 years. Friendly's Ice Cream, with net sales of $166 million in 2015, distributes products in over 8,000 retail locations across the US and has seen 105 percent growth in the retail business over the past five years.