Keurig Dr Pepper to sell Chobani stake and facility for $925 million, Chobani unveils $1.2bn investment in site

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  "detected_at": "2026-09-01T12:09:24+00:00",
  "company": {
    "name": "Keurig Dr Pepper",
    "domain": "keurigdrpepper.com"
  },
  "data": {
    "url": "https://www.foodbev.com/news/keurig-dr-pepper-to-sell-chobani-stake-and-facility-for-925-million",
    "title": "Keurig Dr Pepper to sell Chobani stake and facility for $925 million, Chobani unveils $1.2bn investment in site - FoodBev Media",
    "excerpt": "Keurig Dr Pepper (KDP) has agreed to sell its full equity stake in Chobani back to the company for $800 million, as well as its manufacturing facility in Pennsylvania for approximately $125 million. The transactions, announced today (1 September 2026), form part of KDP and Chobani’s aim to strengthen their longstanding partnership, and ‘advance the growth and capital allocation priorities’ of both businesses. The deal includes the Pennsylvania site’s facility lease, equipment and operations, with Chobani set to offer employment opportunities to the facility’s manufacturing and warehouse employees to ensure operational continuity. Employees in delivery, customer service and other corporate functions will remain with KDP. Chobani will continue to manufacture certain products for KDP at the site, located in Allentown, for a ‘defined period’ after the sale under a co-manufacturing agreement. It has revealed plans to invest $1.2 billion in the 1.5-million-square-foot campus over the next five years, planning to create more than 900 jobs and establishing a 'major new hub' for the business' dairy product production. The investment includes plans for up to ten new production lines. At full capacity, the Allentown facility is expected to source more than 3 billion pounds of Pennsylvania milk annually. At the site, Chobani said it will build on its 20 years of dairy expertise to create...",
    "summary": "Keurig Dr Pepper and Chobani are building on their distribution agreement, with KDP continuing to distribute Chobani's La Colombe brand's ready-to-drink beverages.",
    "planning": false,
    "image_url": "https://static.wixstatic.com/media/75b9b9_88d0729beaa0478bbbf8ee6512c1c41e~mv2.jpg/v1/fill/w_2000,h_1334,al_c,q_90/75b9b9_88d0729beaa0478bbbf8ee6512c1c41e~mv2.jpg",
    "confidence": 0.9,
    "published_at": "2026-09-01T12:09:24Z",
    "article_sentence": "The deal also sees the two companies build on their distribution agreement, with KDP continuing to distribute Chobani’s La Colombe brand’s ready-to-drink (RTD) lattes and other beverage products, including future RTD innovations.",
    "related_company_name": "Chobani",
    "related_company_domain": "chobani.com"
  }
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