Chobani acquires La Colombe in a strategic $900 million deal
Source: The DairyNews
Chobani, renowned for its Greek-style yogurt, has made a significant move by acquiring La Colombe, a prominent player in the US coffee business. The deal, valued at $900 million, brings together two entities under the helm of Hamdi Ulukaya, Chobani's founder and CEO.
Ulukaya, who established Chobani in 2005, had previously invested in La Colombe in 2015. This strategic transaction marks the convergence of two successful ventures with a shared vision for growth and innovation.
As part of the deal, US coffee giant Keurig Dr Pepper will convert its shareholding in La Colombe for an undisclosed stake in Chobani. Keurig Dr Pepper, having become La Colombe's distributor following its earlier investment, will continue to handle the distribution of La Colombe's products.
Amid industry challenges, Chobani has demonstrated remarkable performance, achieving double-digit, volume-led sales growth and notable margin expansion. Ulukaya expressed confidence in Chobani's strengthened position and its readiness to embark on the next phase of growth, although specific financial details were not disclosed.
As part of the deal, US coffee giant Keurig Dr Pepper will convert its shareholding in La Colombe for an undisclosed stake in Chobani. Keurig Dr Pepper, having become La Colombe's distributor following its earlier investment, will continue to handle the distribution of La Colombe's products.
Amid industry challenges, Chobani has demonstrated remarkable performance, achieving double-digit, volume-led sales growth and notable margin expansion. Ulukaya expressed confidence in Chobani's strengthened position and its readiness to embark on the next phase of growth, although specific financial details were not disclosed.
