M&A Deal Summary

Dean Foods Acquires Friendly s Ice Cream - Cream Retail and Manufacturing Business

On June 20, 2016, Dean Foods acquired food company Friendly s Ice Cream - Cream Retail and Manufacturing Business from Friendly s for 155M USD

Acquisition Highlights
  • This is Dean Foods’ 8th transaction in the Food sector.
  • This is Dean Foods’ 3rd largest (disclosed) transaction.
  • This is Dean Foods’ 8th transaction in the United States.
  • This is Dean Foods’ 2nd transaction in Massachusetts.

M&A Deal Summary
Date 2016-06-20
Target Friendly s Ice Cream - Cream Retail and Manufacturing Business
Sector Food
Buyer(s) Dean Foods
Sellers(s) Friendly s
Deal Type Divestiture
Deal Value 155M USD

Target

Friendly s Ice Cream - Cream Retail and Manufacturing Business

Wilbraham, Massachusetts, United States
Friendly's Ice Cream LLC - Cream Retail and Manufacturing Business includes retail ice cream stores.

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Buyer(S) 1

Buyer

Dean Foods

Dallas, Texas, United States
Category Company
Founded 1925
Sector Food
Employees15,000
Revenue 7.8B USD (2018)
DESCRIPTION
Dean Food's corporate headquarters in Dallas, Texas.
Dean Food's corporate headquarters in Dallas, Texas.

Dean Foods is a processor and distributor of dairy products. Dean Foods was formed in 1925 and is based in Dallas, Texas.

DEAL STATS #
Overall 9 of 11
Sector (Food) 8 of 9
Type (Divestiture) 4 of 4
State (Massachusetts) 2 of 2
Country (United States) 8 of 10
Year (2016) 1 of 1
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-01 The WhiteWave Foods

Denver, Colorado, United States

The WhiteWave Foods Co. is a consumer packaged food and beverage company that manufactures, markets, distributes, and sells branded plant-based foods and beverages, coffee creamers and beverages, premium dairy products and organic produce throughout North America and Europe. WhiteWave is focused on providing consumers with innovative, great-tasting food and beverage choices that meet their increasing desires for nutritious, flavorful, convenient, and responsibly-produced products. WhiteWave was formed in 1977 and is based in Denver, Colorado.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-22 Uncle Matt s Organic

Clermont, Florida, United States

Uncle Matt's Organic is an organic juice company, that offers a wide range of organic juices, including probiotic-infused juices and fruit-infused waters. Uncle Matt's Organic was established in 1999 and is headquartered in Clermont, Florida.

Buy -

Seller(S) 1

SELLER

Friendly s

Wilbraham, Massachusetts, United States
Category Company
Sector Restaurants
DESCRIPTION

Friendly's is a vertically-integrated restaurant company serving signature sandwiches, entrees, and ice cream desserts in a friendly family environment in 510 company and franchised stores throughout the Northeast and several southeastern states. Friendly's also makes ice cream, which is distributed through more than 4,000 supermarkets and other retail locations. Friendly's is based in Wilbraham, Massachusetts.

DEAL STATS #
Overall 1 of 1
Sector (Food) 1 of 1
Type (Divestiture) 1 of 1
State (Massachusetts) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
Mergr

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