Chobani, LLC (“Chobani” or “the Company”), a forward-looking food and beverage enterprise renowned for its premium Greek yogurt, has officially acquired La Colombe for a sum of $900 million. This acquisition was financed through a blend of a newly issued $550 million term loan, existing cash reserves, and the conversion of Keurig Dr Pepper’s (KDP) minority equity stake in La Colombe into Chobani equity.
La Colombe, currently serving consumers through various channels such as retail, cafes, foodservice, and direct-to-consumer, stands as the exclusive ready-to-drink (“RTD”) coffee company. With complete ownership of its supply chain, from conscientious bean sourcing and superior roasting to crafting exceptional product experiences, La Colombe has carved a niche for itself with a dedicated customer base.
Chobani
Chobani’s Founder and CEO, Hamdi Ulukaya, expressed confidence in the company’s robust position for growth, citing double-digit, volume-led sales growth and significant margin expansion. Ulukaya anticipates leveraging Chobani’s distribution prowess, together with its strategic partnership with KDP, to introduce La Colombe’s high-quality cold brew and ready-to-drink craftsmanship to a new generation of consumers.
Under the Chobani umbrella, La Colombe will retain its autonomy as an independent brand, fostering collaboration and knowledge exchange while preserving the distinct identity and innovation for which La Colombe is renowned. As a key player in the burgeoning $5 billion U.S. RTD coffee category, La Colombe’s offerings will complement Chobani’s core yogurt portfolio and modern food innovations.
Chobani aims to unlock La Colombe’s sales potential, expand its reach through distribution networks, and enhance its overall operational performance. The acquisition aligns with Chobani’s mission to make the world a healthier place, emphasizing shared values and cultural alignment between the two companies.
ABOUT CHOBANI
Chobani, established in 2005 by Hamdi Ulukaya, operates with the mission of making high-quality and nutritious food accessible while elevating communities and contributing to a healthier world. The company, a pioneer in yogurt, oat milk, and creamers, prioritizes social responsibility and philanthropy, focusing on eradicating child hunger, supporting immigrants and refugees, honoring veterans, and environmental protection.
ABOUT LA COLOMBE
La Colombe, a leading independent coffee roaster since 1994, is dedicated to providing excellent coffee through ethical trade practices, equity advocacy, and community empowerment. Known for signature blends, single-origin coffees, and the world’s first textured canned cold latte, La Colombe owns and operates 32 cafes across the United States. For more information, visit www.lacolombe.com.
