1855 Boston Road
Wilbraham, MA 01095
CEO: Harsha Agadi
Friendly Ice Cream Corporation operates a chain of restaurants called Friendly's serving sandwiches, entrees and ice cream desserts in a friendly, family environment. The restaurants also serve breakfast.
The company filed for Chapter 11 bankruptcy in October 2011. The restaurants have been hurt for several years by higher food prices and weak economy. The chain will close 63 restaurants and 423 will continue to remain open.
Friendly's also manufactures ice cream, which is distributed through more than 4,000 supermarkets and other retail locations. The chain is also known for its ice cream cakes.
Friendly's is owned by Sun Capital Partners.
The chain introduced a new Five for Five menu in September 2011 which includes sandwiches and hamburgers with french fries for just $5.
In 1935 at the height of the Great Depression,
two brothers, 20-year old Prestley and 18-year old Curtis Blake
opened a neighborhood ice cream shop in Springfield, MA with
double-dip cones for 5 centers. The young entrepreneurs named
the business "Friendly" with the intention of providing
warm, caring neighborly service to all who visit.
A second Friendly opens in 1940 in West
Springfield. Customer demand inspires the Blake's to add food
to the ice cream menu -- with the first item a hamburger.
The company would move to its current headquarters
in Wilbraham, MA in 1960.
The Blake's sold Friendly to Hershey Foods
Corporation in 1979.
In 1988, Donald Smith would purchase Friendly
from Hershey Foods and operate it independently. The "s"
is added to the restaurant name in 1989.
The company would go public in 1997.
In 2007, Friendly Ice Cream was acquired by Sun Capital Partners, a private investment firm for $15.50 per share. The company is no longer publicly traded.
On-the-Job Travel Accidental Death
All Part-time Benefits
Starbridge Plan Limited Medical, Dental and Accidental Death
Employee Food Purchase Discounts
Eyecare Savings Plan