Chobani Acquires La Colombe for $900M

Chobani, LLC has acquired La Colombe for $900 million, financed with a $550 million term loan, cash on hand, and the exchange of Keurig Dr Pepper's minority stake into Chobani equity. The acquisition brings La Colombe's RTD coffee, roasting capabilities and café footprint into Chobani's portfolio to accelerate entry into the ready-to-drink coffee category and drive complementary growth and synergies.