Chobani, LLC a next generation food and beverage company originally known for its high-quality Greek yogurt, today announced that it has acquired La Colombe for $900 million. Chobani financed the acquisition through the combination of a newly issued $550 million term loan, cash on hand and the exchange of Keurig Dr Pepper's (KDP) minority equity stake in La Colombe into Chobani equity.
La Colombe currently serves consumers across multiple channels, including retail, cafes, foodservice, and direct-to-consumer. The brand is the only ready-to-drink ("RTD") coffee company, owning its supply chain from conscious bean sourcing and premium roasting to the creation of exceptional product experiences for loyal customers.