Dean Foods (DF) Tops Q1 EPS by 7c
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Moody's Sees Dean Foods' (DF) Acquisition of Friendly's Assets as Credit-Positive Move
May 10, 2016 12:53 PM EDTMoody's Investors Service commented that Dean Food Company's (NYSE: DF) announced agreement to acquire the manufacturing and retail ice cream business from an affiliate of Friendly's Ice Cream, LLC is credit positive, but has no effect on the company's ratings. On May 9, 2016, Dean... More
Dean Foods (DF) to Acquire Friendly's Ice Cream Retail, Manufacturing Business
May 10, 2016 6:24 AM EDTDean Foods Company (NYSE: DF) announced that it has agreed to acquire the manufacturing and retail ice cream business ("Friendly's Ice Cream") from an affiliate of Friendly's Ice Cream, LLC ("Friendly's Restaurants"), a leading ice cream and dining brand in the Northeast U.S., for $155 million in cash.
Friendly's Ice Cream, with $166 million in net sales in 2015, is an iconic brand that produces popular packaged ice cream and other frozen dessert products, including single-serve sundae cups, novelty items, cakes and rolls. Friendly's distributes these products in over 8,000 retail outlets. Products are made... More

