logo
logo

Chobani Acquires La Colombe

Dec 15, 2023over 1 year ago

Acquiring Company

Chobani

Acquired Company

La Colombe

New BerlinPhiladelphiaManufacturingFood And Beverage

Description

Chobani, LLC ("Chobani" or "the Company") a next generation food and beverage company originally known for its high-quality Greek yogurt, today announced that it has acquired La Colombe for $900 million. Chobani financed the acquisition through the combination of a newly issued $550 million term loan, cash on hand and the exchange of Keurig Dr Pepper's (KDP) minority equity stake in La Colombe into Chobani equity.

Company Information

Company

Chobani

Location

New Berlin, New York, United States

About

Chobani is a food maker with a mission of making high-quality and nutritious food accessible to more people, while elevating our communities and making the world a healthier place. In short: making good food for all. In support of this mission, Chobani is a values-driven, people-first, food-and-wellness-focused company, and has been since its founding in 2005 by Hamdi Ulukaya, an immigrant to the U.S. The company manufactures yogurt, oatmilk, and dairy- and plant-based creamers – Chobani yogurt is America's No.1 yogurt brand, made with natural ingredients without artificial preservatives. Chobani uses food as a force for good in the world – putting humanity first in everything it does. The company's philanthropic efforts prioritize giving back to its communities and beyond: working to eradicate child hunger, supporting immigrants, refugees and underrepresented people, honoring veterans, and protecting the planet. Chobani products are manufactured in New York, Idaho, and Australia. Products are available throughout North America and distributed in Australia and other select markets. For more information, please visit www.chobani.com and follow us on Facebook, Twitter, Instagram and LinkedIn. SOURCE Chobani, LLC

Related People

Sign in to view contact details

Sign in to view contact details

Sign in to view contact details

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed