Greek-yogurt maker Chobani buys coffee company La Colombe for $900M

La Colombe has been purchased by Chobani, the yogurt company revealed on Friday. The deal to pick up the coffee company had a value of $900 million.

  Economy   Dec 17, 2023   0   57  Add to Reading List
Greek-yogurt maker Chobani buys coffee company La Colombe for $900M

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Greek-yogurt maker Chobani said on Friday it had bought ready-to-drink coffee maker La Colombe for $900 million to expand its beverage business.

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Chobani said it bought the Philadelphia-based company through a combination of newly issued $550 million term loan, cash on hand and in exchange of Keurig Dr Pepper's minority equity stake in the coffee brewer.

Last year, Chobani withdrew its plans for an initial public offering in the United States after having delayed its listing plans earlier. The company has been expanding its product categories by adding products such as coffee creamers.

La Colombe will continue to operate as an independent brand, the companies said.

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