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<p>WILBRAHAM, Mass. &#8212; The Friendly&#8217;s restaurant chain has sold its ice cream manufacturing and retail business to Dean Foods Co. for $155 million.</p><p>Dallas-based Dean announced Monday that it will continue to manufacture ice cream and novelty ice cream products in Wilbraham, Massachusetts.</p><p>There are more than 260 Friendly&#8217;s restaurants. They will continue to be owned by an affiliate of Sun Capital Partners Inc. with no management changes.</p><p>Friendly&#8217;s ice cream is distributed to more than 8,000 supermarkets and retailers across the U.S. and has seen 105 percent growth in retail business in the past five years.</p><p>The transaction is expected to close late in the second quarter, subject to regulatory approvals.</p><p>Friendly&#8217;s was founded in 1935 in Springfield, Massachusetts. Dean Foods is the nation&#8217;s largest direct-to-store distributor of milk and other dairy products.</p><style>
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<div class="neCaption">An empty sign is posted at a Friendly&#8217;s restaurant in Foxborough, Mass., Wednesday, Oct. 5, 2011. The Friendly&#8217;s restaurant chain has sold its ice cream manufacturing and retail business to Dean Foods Co. for $155 million. </div></div><div class="metaInfo"><photo0>https://www.timesleader.com/wp-content/uploads/2016/05/web1_AP_111005050880.jpg</photo0><caption0>An empty sign is posted at a Friendly&#8217;s restaurant in Foxborough, Mass., Wednesday, Oct. 5, 2011. The Friendly&#8217;s restaurant chain has sold its ice cream manufacturing and retail business to Dean Foods Co. for $155 million. </caption0><photoCredit0>AP Photo/Charles Krupa </photoCredit0></div></div>
<div class="metaInfo"><bylineMeta><p>By The Associated Press</p></bylineMeta></div>

Dean Foods buys Friendly’s ice cream-making business