Friendly’s sells ice cream manufacturing business

Friendly’s sells ice cream manufacturing business

Family-dining chain separates its restaurants from its retail operation

Friendly’s Ice Cream LLC late on Monday said that it has sold its retail ice cream and manufacturing business to Dallas-based Dean Foods Company.

Terms of the deal were not disclosed. But in selling the fast-growing maker of Friendly’s Ice Cream, owner Sun Capital Partners Inc. has separated the retail ice cream business from the operator of 260 restaurant locations.

“Today marks a new chapte

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