US milk and dairy product processor Dean Foods Company has completed its acquisition of the manufacturing and retail ice cream business of Friendly’s Ice Cream for $155 million.
Friendly's Ice Cream, with $166 million in net sales in 2015, produces packaged ice cream and frozen dessert products, including single-serve sundae cups, novelty items, cakes and rolls. Friendly's distributes these products in over 8,000 retail outlets.