BNET Industries
Last Fiscal Year Sales:$531.4M
- Private
- US
Dow Jones Description
We are a leading full-service, casual dining restaurant company and provider of premium ice cream products with locations primarily in the Northeast. As of July 1, 2007, we operated 316 full-service restaurants and franchised 199 full-service restaurants and seven non-traditional units, located in 16 states.
President & CEO
Ned R. LidvallNumber of Employees 12,800
Contact Information
1855 Boston Rd
Wilbraham, Massachusetts 01095-1002
(413) 731-4000
Peer Companies
NAICS Code Full-Service Restaurants: 722110
News & Analysis
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friendly ice cream corp. - All News and Analysis
Friendly tests Express fast-casual variant, plans ice-cream-only model for on-site ops
- 2009-01-05
WILBRAHAM, MASS. -- With a new fast-casual prototype and a new leader at the helm, Friendly Ice Cream Corp. is looking to revitalize the fortunes of its 505-unit Friendly's family-dining chain. The company, which was acquired in 2007 by Sun Capital Inc. after years of sliding sales and internal...
Friendly Ice Cream Corporation Names Ned R. Lidvall as President and CEO
- 2008-12-09
WILBRAHAM, Mass. -- Friendly Ice Cream Corporation ("Friendly's") today announced the appointment of Ned R. Lidvall as its President and Chief Executive Officer, effective immediately. Mr. Lidvall has more than 30 years of experience in successfully managing and operating leading restaurant companies. Since 1999, he served as President and...
Deep-fried Fuel
- 2008-06-23
There's something cooking in a small lab in Chicopee, at the Friendly Ice Cream Corp.'s distribution headquarters. But it's not a recipe for a new sundae or Supermelt. Friendly's has introduced something new from the fryolator - it's creating biofuel from used vegetable oil to help power its fleet of...
Friendly Ice Cream Corp. taps Zimmerman as agency of record
- 2008-01-14
WILBRAHAM, MASS. -- Friendly Ice Cream Corp. has picked Omnicom Group's Zimmerman Advertising of Fort Lauderdale, Fla., as agency of record for its Friendly's Restaurants chain. Zimmerman, the 15th largest agency in the United States, won the $25 million account after an initial review involving five agencies was whittled...
Friendly in sale-lease-back deal.
- 2007-11-20
Friendly Ice Cream Corporation is reported to have gone from owner to renter at its headquarters campus as well as 160 of its restaurants. Friendly has sold the properties to subsidiaries of Realty Income Corp., a California-based company that specializes in buying retail properties and leasing...
Friendly in sale-leaseback deal for HQ, 160 branches
- 2007-10-29
WILBRAHAM, MASS. -- Friendly Ice Cream Corp. reportedly has sold its headquarters campus and 160 Friendly's restaurant locations, but leased them back under longterm contracts, according to published reports. The deal, said to be worth about $40 million, centered around the sale of Friendly's Wilbraham headquarters to Escondido, Calif.-based...
Age appropriate: Friendly's uses its new interactive campaign to generate buzz among teens and young adults.(marketing)(Friendly Ice Cream Corp.)
- 2007-09-01
[ILLUSTRATION OMITTED] Friendly's is a 72-year-old brand that is loved by young kids and parents, particularly 25- to 55-year-old women. But among teens and young adults, it suffers from a "not cool" stigma that many established brands face. "One of our...
An Affiliate of Sun Capital Partners, Inc. Completes the Acquisition of Friendly Ice Cream Corporation, a Full Service, Casual Family Dining Restaurant
- 2007-08-30
BOCA RATON, Fla. & WILBRAHAM, Mass. -- Sun Capital Partners, Inc. ("Sun Capital"), a leading private investment firm specializing in leveraged buyouts and investments in market-leading companies, and Friendly Ice Cream Corporation ("Friendly's") (AMEX:FRN) today announced that one of Sun Capital's affiliates has completed the acquisition of Friendly's. Under...
Friendly tender offer nearly complete.
- 2007-08-20
Friendly Ice Cream Corp. has announced that as of August 8, 2007, holders of about 89.7% of its outstanding 8-3/8% Senior Notes due 2012 had tendered notes and delivered consents in connection with the company's tender offer and consent solicitation announced on July 26, 2007. The...
Sun Capital offers to pay $337.2m to scoop up Friendly's
- 2007-06-25
WILBRAHAM, MASS. -- The board of directors of Friendly Ice Cream Corp. agreed June 17 to an acquisition of the company by an affiliate of Sun Capital Partners Inc. for $15.50 per share in cash, or about $337.2 million. Friendly said the offer represents an 8.2-percent premium over the...
Decision Makers
| Name (plus bio) | Position |
|---|---|
| Ned R. Lidvall | President & CEO |
| Kenneth D. Green | Chief Operating Officer |
| Paul V. Hoagland | Cfo |
| John Bowie | Senior Vice President for Company Operations |
| Allan Okscin | Vice President |
| Andre Fuehr | Vice President, Research and Development |
| Florence A. Tassinari | Vice President and Controller Financial and Accounting Services Department |
| Garrett Ulrich | Vice President, Human Resources |
| George Weldon | Vice President, Marketing |
| James D Sullivan | Vice President, Franchise and Real Estate Developm |
| Kevin McNamara | Vice President, Operations Support Services |
| Pete Bell | Vice President, Marketing |
| Randall S. Guse | Vice President, Dev |
| Tim Hopkins | Vice President and General Manager, Retail |
| Bob Bender | Owner |
| Deborah Burns | Senior Director, Investor Relations |
| Hope McManus | Marketing Manager |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Burton J. Manning | Board of Directors |
| Donald N. Smith | Board of Directors |
| George M Condos | Board of Directors |
| Maura Tobias | Board of Directors |
| Michael J. Daly | Board of Directors |
| Perry D. Odak | Board of Directors |
| Steven L. Ezzes | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| Friendly Ice Cream Corporation | President & CEO | Current |
Kenneth D. Green , 43, was appointed as our Senior Vice President, Restaurant Operations in October 2006. He served as our Vice President of Company Restaurant Operations from August 2004 to October 2006. He served as a Regional Director of our Restaurant Operations from April 2003 to August 2004. Prior to joining us, Mr. Green served as Vice President of Operations of Cosi, Inc. from April 2001 to April 2003 in New York City, NY, and previously had ten years experience in the T.G.I. Fridays restaurant systems.
| Organization | Position | Status |
|---|---|---|
| Friendly Ice Cream Corporation | Chief Operating Officer | Current |
| Friendly Ice Cream Corporation | Senior Vice President, Operations | Current |
| Cosi Inc. | Vice President of Operations | Former |
| Organization | Position | Status |
|---|---|---|
| Friendly Ice Cream Corporation | Cfo | Current |
| Friendly Ice Cream Corporation | Executive Vice President of | Current |
| Friendly Ice Cream Corporation | Assistant Clerk | Former |
| Friendly Ice Cream Corporation | Treasurer | Former |
| Organization | Position | Status |
|---|---|---|
| Friendly Ice Cream Corporation | Senior Vice President for Company Operations | Current |
| Organization | Position | Status |
|---|---|---|
| Friendly Ice Cream Corporation | Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Friendly Ice Cream Corporation | Vice President, Research and Development | Current |
Florence A. Tassinari, 43, has served as our Controller since May 2006. She served as our Assistant Controller from 1996 to May 2006. Ms. Tassinari is a certified public accountant.
| Organization | Position | Status |
|---|---|---|
| Friendly Ice Cream Corporation | Vice President and Controller Financial and Accounting Services Department | Current |
Garrett J. Ulrich, 56, has served as our Vice President of Human Resources since September 1991. Prior to joining us, Mr. Ulrich served as the Vice President of Human Resources of Dun & Bradstreet Information Services, North America from 1988 to 1991. From 1978 to 1988, Mr. Ulrich held various human resource executive and managerial positions at Pepsi Cola Company, a division of PepsiCo.
| Organization | Position | Status |
|---|---|---|
| Friendly Ice Cream Corporation | Vice President, Human Resources | Current |
| Pepsi-Cola | Human Resource Executive and Managerial Positions | Former |
| PepsiCo, Inc. | Former |
| Organization | Position | Status |
|---|---|---|
| Friendly Ice Cream Corporation | Vice President, Marketing | Current |
| Organization | Position | Status |
|---|---|---|
| Friendly Ice Cream Corporation | Vice President, Franchise and Real Estate Developm | Current |
| Organization | Position | Status |
|---|---|---|
| Friendly Ice Cream Corporation | Vice President, Operations Support Services | Current |
| Organization | Position | Status |
|---|---|---|
| Friendly Ice Cream Corporation | Vice President, Marketing | Current |
| Organization | Position | Status |
|---|---|---|
| Friendly Ice Cream Corporation | Vice President, Dev | Current |
| Organization | Position | Status |
|---|---|---|
| Friendly Ice Cream Corporation | Vice President and General Manager, Retail | Current |
| Organization | Position | Status |
|---|---|---|
| Friendly Ice Cream Corporation | Owner | Current |
| Friendly Ice Cream Corporation | Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Friendly Ice Cream Corporation | Senior Director, Investor Relations | Current |
| Organization | Position | Status |
|---|---|---|
| Friendly Ice Cream Corporation | Marketing Manager | Current |
Mr. Manning has been the Chairman Emeritus of J. Walter Thompson, Inc., an international advertising agency since January 1998. In addition to his service on our Board of Directors, Mr. Manning serves on the board of directors of Greenfield Online and a number of non-publicly traded companies.
| Organization | Position | Status |
|---|---|---|
| Friendly Ice Cream Corporation | Board of Directors | Current |
| Greenfield Online, Inc. | Member | Current |
| Greenfield Online, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Friendly Ice Cream Corporation | Board of Directors | Current |
| Friendly Ice Cream Corporation | CEO | Former |
| Friendly Ice Cream Corporation | President | Former |
| PepsiCo, Inc. | Senior Vice President | Former |
| Friendly Ice Cream Corporation | Chair of Board | Former |
| Organization | Position | Status |
|---|---|---|
| Friendly Ice Cream Corporation | Board of Directors | Current |
| Friendly Ice Cream Corporation | CEO | Current |
| International Dairy Queen, Inc. | Operational and Managerial Positions | Former |
| Organization | Position | Status |
|---|---|---|
| Friendly Ice Cream Corporation | Board of Directors | Current |
| Friendly Ice Cream Corporation | Manager, Public Affairs | Former |
Mr. Daly served as President and Chief Executive Officer of Baystate Health Systems from December 1981 until December 2003. He held the position of Vice Chairman of Baystate Health Systems through December 2005.
| Organization | Position | Status |
|---|---|---|
| Friendly Ice Cream Corporation | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Wild Oats Markets, Inc. | President & CEO | Current |
| Genstar Capital LLC | Operating Partner | Current |
| Wild Oats Markets, Inc. | Board of Directors | Current |
| Friendly Ice Cream Corporation | Board of Directors | Current |
| Graham Packaging Company, L.P. | CEO | Former |
| Atari, Inc. | President | Former |
| Genstar Capital LLC | Strategic Advisory Committee Member | Former |
| The State University of New York | Doctor of Science Degree | Former |
| Cornell University | bachelor degree in Applied Economics | Former |
| Organization | Position | Status |
|---|---|---|
| Friendly Ice Cream Corporation | Board of Directors | Current |
| Lehman Brothers Holdings Inc. | Managing Director | Former |
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