Greek yogurt maker Chobani enters RTD coffee business with $900M buy of La Colombe

Greek yogurt maker Chobani has acquired ready-to-drink coffee maker La Colombe Coffee Roasters for $900 million to expand its beverage business.

Chobani said it bought the Philadelphia-based company through a combination of newly issued $550 million term loan, cash on hand and in exchange of Keurig Dr Pepper’s minority equity stake in the coffee brewer (KDP invested $300 million to acquire a 33 per cent stake in La Columbe in July 2023), according to a Reuters news story.

La Colombe manufactures and markets coffee applications to a variety of channels, including retail, foodservice and direct-to-consumer.

Chobani says La Colombe will continue to operate as an independent brand.