Dean Foods (DF) Tops Q1 EPS by 7c

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Go back to Dean Foods (DF) Tops Q1 EPS by 7c

Moody's Sees Dean Foods' (DF) Acquisition of Friendly's Assets as Credit-Positive Move

May 10, 2016 12:53 PM EDT

Moody'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 EDT

Dean 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