Chobani Acquires La Colombe for $900 Million

The acquisition is financed through a combination of a term loan, cash, and the conversion of Keurig Dr Pepper’s minority stake in La Colombe into Chobani equity.

• Chobani, the Greek yogurt pioneer, has acquired La Colombe, a ready-to-drink coffee company, for $900 million. The deal was financed through a combination of a newly issued $550 million term loan, cash on hand, and the conversion of Keurig Dr Pepper’s minority equity stake in La Colombe into Chobani equity.
• Chobani's founder and CEO, Hamdi Ulukaya, had been La Colombe’s sole investor until the Keurig Dr Pepper deal. As part of the acquisition, Chobani is also buying out Ulukaya.
• The acquisition is expected to benefit La Colombe through Chobani’s extensive retail execution, marketing, and cold chain capabilities. This will help grow its multi-serve offering and expand the presence of its single-serve product line.
• La Colombe’s ready-to-drink line has reportedly grown more than 3x in the past five years, thanks in part to consumers’ growing preference towards cold coffee — a multibillion-dollar category poised to reach $5.48 billion by 2032 globally.
• Chobani plans to enhance La Colombe’s procurement practices, deliver meaningful cost synergies, and elevate its overall operational performance under its ownership.

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