Chobani, the leading US greek yoghurt firm, has announced the acquisition of La Colombe, an American coffee roaster, for $900 million.
Founded in 1994, La Colombe is described as crafting premium roasts from bean to cup, reaching consumers through retail stores, cafes, food service providers, and direct-to-consumer platforms.
The deal comes a matter of months after Keurig Dr Pepper announced a 33% ownership stake in La Colombe, which included a long-term sales and distribution agreement.
“We have never been stronger or better positioned to chart our next chapter of growth”, said Hamdi Ulukaya, Chobani founder and CEO. “We’ve already made an investment in the coffee category with our creamers and are excited about bringing La Colombe into the Chobani family, and offering the delicious, high-quality cold brew and ready-to-drink craftmanship of La Colombe to a next generation of consumers, powered by a strong distribution partner in KDP”.
La Colombe will operate independently whilst collaborating and sharing knowledge with Chobani, preserving La Colombe’s unique identity and innovation, Chobani said.