Chobani Makes a Sip into Coffee: Greek-yogurt giant Chobani has made a flavorful entry into the coffee business with the acquisition of ready-to-drink coffee maker La Colombe for a substantial $900 million. The move is part of Chobani’s strategic efforts to expand its beverage portfolio, marking a significant shift beyond its yogurt-centric offerings.
Chobani detailed that the acquisition of the Philadelphia-based La Colombe was financed through a combination of a newly issued $550 million term loan, existing cash reserves, and the exchange of Keurig Dr Pepper’s minority equity stake in the coffee brewing company.
This bold move comes after Chobani, last year, opted to withdraw its plans for an initial public offering (IPO) in the United States, following earlier delays in its listing ambitions. The company, known for its innovative approach, has been diversifying its product range by venturing into additional categories, including the introduction of coffee creamers.
La Colombe, a respected player in the coffee industry, is set to maintain its autonomy as an independent brand following the acquisition, ensuring the preservation of its unique identity in the market.
Chobani’s foray into the coffee segment reflects a broader trend among food and beverage companies seeking to diversify and meet evolving consumer preferences. As Chobani continues to shape its narrative beyond yogurt, the $900 million deal signals its commitment to staying ahead of the curve in the dynamic and competitive world of packaged food and beverages.
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Our Reader’s Queries
Is Chobani cold brew discontinued?
Chobani has recently struck a deal following the discontinuation of its ready-to-drink single origin cold brew line. The line was launched in January 2021 and received positive reviews from consumers. It was intended to complement the company’s creamers and oat milk, which were launched in 2019. The deal comes as a strategic move for Chobani, and we can expect to see more exciting developments from the brand in the near future.
Are Chobani yogurts healthy?
Chobani® yogurt and other low-fat or fat-free dairy products are a crucial component of a healthy diet. They offer a rich source of protein, good fats, and essential vitamins and minerals that are naturally occurring. By incorporating these foods into your daily meals, you can maintain a balanced and nutritious diet that supports your overall health and wellbeing.
Does Chobani make coffee?
Indulge in the heavenly combination of rich, creamy coffee and delectable Chobani® Greek Yogurt. Our all-natural ingredients ensure a guilt-free treat. The % Daily Value (DV) indicates the nutrient contribution of a serving towards your daily diet.
Why is Chobani creamer better?
Chobani® Coffee Creamer is crafted from farm-fresh cream that is naturally derived from our yogurt-making process. With only six or fewer natural ingredients, including real milk and cane sugar, this non-dairy coffee creamer is both indulgent and delicious. Each sip of coffee is elevated to new heights of flavor with this creamy addition.