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 it
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About Keurig Dr Pepper
Keurig Dr Pepper, Inc. is a publicly traded American multinational beverage company headquartered in Burlington, Massachusetts, and Frisco, Texas. It was formed on July 9, 2018, through the merger of Keurig Green Mountain and Dr Pepper Snapple Group. The company produces and distributes a range of hot and cold beverages, including brands such as Keurig, Dr Pepper, Snapple, Canada Dry, and others. Prior to the merger, Keurig Green Mountain, formerly known as Green Mountain Coffee Roasters, operated as a specialty coffee company and manufacturer of the Keurig single-serve brewing system, while Dr Pepper Snapple Group managed a portfolio of soft drinks and other beverages.
Everything about Keurig Dr Pepper →- Country
- United States
- Headquarters
- Burlington
- Inception
- 2018
- Website
- http://www.greenmountaincoffee.com, https://www.keurigdrpepper.com/, https://www.drpeppersnapplegroup.com