Dairy company Chobani announces $1.2B investment in Pennsylvania
Article excerpt
From Philly and the Pa. suburbs to South Jersey and Delaware, what would you like WHYY News to cover? Let us know! Dairy maker Chobani is investing $1.2 billion to build a dairy production facility in Pennsylvania that’s projected to create 900 jobs over the next five years. The New York-based company has been expanding its presence in the commonwealth. In 2023, it acquired Philadelphia-based coffee roasters La Colombe for $900 million, with the company expected to retain its independence and management. A post shared by Governor Josh Shapiro (@governorshapiro) Chobani’s investment is the largest ever private investment in the state’s agriculture industry, according to a release from Gov. Josh Shapiro’s office. It will produce nearly 3 billion pounds of milk a year. “Pennsylvania is aggressively competing for - and winning - the biggest economic development projects in the country because we’re making strategic investments, moving at the speed of business, and giving companies confidence that they will thrive here – and I’m proud this investment will benefit our dairy industry and rural communities,” Shapiro said in a statement. The 1.5 million-square-foot facility in Allentown first opened in 2021 and sits within 500 miles of roughly 40% of the U.S. population. Chobani founder and CEO Hamdi Ulukaya said Pennsylvania produces “some of the best milk in America.” “When I first...
Keep reading with a free account
The rest of this article, and every signal for Chobani, is in your free account.
Extracted from this sentence
In addition to the Allentown investment, Chobani will expand its Norton Shores, Michigan facility, which produces La Colombe beverages.
