Friendly's sale completed

Sun Capital Partners Inc., a Florida-based private investment firm, said today that one of its affiliates has completed the acquisition of Friendly Ice Cream Corp.

Headquartered in Wilbraham, the Friendly's chain is made up of 515 family friendly company-owned and franchise restaurants; the company also makes ice cream that is distributed through more than 4,000 supermarkets and stores.

Friendly announced in June that it had agreed to be acquired by Sun Capital for $337.2 million, and Friendly said its shareholders approved that sales agreement yesterday.

Sun Capital is no stranger to restaurant chains with local roots; it just completed the acquisition of the Boston Market chain from McDonald's Corp.
(By Chris Reidy, Globe staff)