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Keurig Dr Pepper Completes $800 Million Acquisition of Chobani Assets

PUBLIC · KDPSep 28, 2026

Acquiring Company

Keurig Dr Pepper

Acquired Company

FHU US Holdings (Chobani)

BurlingtonTwin FallsFood and BeverageFood And BeverageHospitalityFood ProcessingFood and BeverageAgriculture and FarmingHospitalityFood Processing

Description

On September 28, 2026, Keurig Dr Pepper Inc. announced the completion of its acquisition involving DPS Holdings Inc. and Mott’s LLP redeeming their indirect equity interests in Chobani. The total consideration for the equity interests was $800 million, which included $400 million in cash and a promissory note from Chobani. Additionally, KDP sold certain assets, including leasehold interests in two facilities in Allentown, Pennsylvania, for $125 million. This strategic move strengthens Keurig Dr Pepper's position in the beverage market.

Company Information

Company

Keurig Dr Pepper

Location

Burlington, Massachusetts, United States

About

Keurig Dr Pepper (KDP) is a leading beverage company in North America, with annual revenue of more than $14 billion and approximately 28,000 employees. KDP holds leadership positions in liquid refreshment beverages, including soft drinks, specialty coffee and tea, water, juice and juice drinks and mixers, and markets the #1 single serve coffee brewing system in the U.S. and Canada. The Company's portfolio of more than 125 owned, licensed and partner brands is designed to satisfy virtually any consumer need, any time, and includes Keurig®, Dr Pepper®, Canada Dry®, Clamato®, CORE®, Green Mountain Coffee Roasters®, Mott's®, Snapple®, and The Original Donut Shop®. Through its powerful sales and distribution network, KDP can deliver its portfolio of hot and cold beverages to nearly every point of purchase for consumers. The Company's Drink Well. Do Good. corporate responsibility platform is focused on the greatest opportunities for impact in the environment, its supply chain, the health and well-being of consumers and with its people and communities. For more information, visit www.keurigdrpepper.com.

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Frequently asked

Who acquired FHU US Holdings (Chobani)?

FHU US Holdings (Chobani) was acquired by Keurig Dr Pepper, based in Burlington. The deal was reported on September 28, 2026. Keurig Dr Pepper (KDP) is a leading beverage company in North America, with annual revenue of more than $14 billion and approximately 28,000 employees. Keurig Dr Pepper is publicly traded (KDP) and operates in Food and Beverage.

When did Keurig Dr Pepper acquire FHU US Holdings (Chobani)?

Keurig Dr Pepper's acquisition of FHU US Holdings (Chobani) was reported on September 28, 2026. On September 28, 2026, Keurig Dr Pepper Inc. announced the completion of its acquisition involving DPS Holdings Inc. and Mott’s LLP redeeming their indirect equity interests in Chobani. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does FHU US Holdings (Chobani) do?

Chobani is a well-known food company, primarily recognized for its yogurt products. As a leading brand in the food industry, Chobani emphasizes quality and flavor, offering a variety of yogurt styles and flavors. It is privately held, operating in Food and Beverage, and is based in Twin Falls.

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