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Chobani acquires plant from Keurig Dr Pepper

RECENTLY ACQUIREDSep 01, 2026•1 day ago

Acquiring Company

Chobani

Acquired Company

Keurig Dr Pepper

New Berlin

BurlingtonManufacturingFood And BeverageFood and BeverageFood And BeverageHospitalityFood Processing

Description

Chobani will invest $1.2 billion to purchase a facility in Allentown, Pennsylvania, from Keurig Dr Pepper for $125 million. This acquisition will create over 900 jobs and establish a new hub for Chobani's growth. The investment aims to produce innovative milk products and further expand their manufacturing capabilities. Keurig Dr Pepper will sell its minority stake in Chobani back to the yogurt maker for $800 million as part of a restructuring.

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

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Frequently asked

Who acquired Keurig Dr Pepper?

Keurig Dr Pepper was acquired by Chobani, based in New Berlin. The deal was reported on September 1, 2026. 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. Chobani is privately held and operates in Manufacturing.

When did Chobani acquire Keurig Dr Pepper?

Chobani's acquisition of Keurig Dr Pepper was reported on September 1, 2026. Chobani will invest $1.2 billion to purchase a facility in Allentown, Pennsylvania, from Keurig Dr Pepper for $125 million. This acquisition will create over 900 jobs and establish a new hub for Chobani's growth. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Keurig Dr Pepper do?

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. It is publicly traded (KDP), operating in Food and Beverage, and is based in Burlington.

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