WILBRAHAM — The Friendly’s ice cream manufacturing business is for sale — along with Lynn-based dairy company Garelick Farms — as parent company Dean Foods Co. looks to restructure in the face of competition and declining milk consumption.
Dean Foods completes purchase of Friendly's ice cream business The deal frees what remains of Friendly's, owned by investors of Sun Capital Partners Inc., to focus on its restaurant business.
Friendly’s sold its retail ice cream and manufacturing business to Dean in 2016 for $155 million.
Dean makes ice cream for Friendly’s restaurants under a 10-year contract and sells ice cream, under the Friendly’s brand and store brands, to supermarkets.
Dean Foods, the country’s largest milk processor and seller, bought Friendly’s to build up its portfolio of branded ice cream products.