Keurig Dr Pepper plans $925 million Chobani exit ahead of split
Keurig Dr Pepper is selling its entire indirect stake in Chobani for $800 million and divesting a manufacturing facility for $125 million, totaling $925 million to reduce debt ahead of its planned two-way split in early 2027. Chobani will acquire the Allentown facility but will continue co-manufacturing for KDP for a period, and the companies will preserve their extended distribution and La Colombe-related agreements, with closing expected in the third quarter of 2026.
Business · 8 sources · Sep 9, 2026Read itThe journal
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About Chobani
Chobani is an American food company specializing in strained yogurt. The company was founded in 2005 by Hamdi Ulukaya. Chobani sells thick, Greek yogurt with a higher protein content than traditional yogurt and is one of the main companies to popularize this style of yogurt in the US. The company has also expanded to non-dairy, plant-based products such as dairy-free vegan yogurt and oat milk. Chobani produces a variety of Greek yogurt products, oat drinks, and snacks. Chobani's yogurt market share in the U.S. rose from less than 1% in 2007 to more than 20% in 2021, and is the top-selling Greek yogurt brand in the United States and operates the largest yogurt facility in the world. In April 2016, Chobani announced it was giving 10 percent of its ownership stake to its employees.
Everything about Chobani →- Country
- United States
- Headquarters
- Norwich
- Inception
- 2005
- Website
- http://chobani.com/