Chobani, the leading US greek yoghurt firm, has announced the acquisition of Daily Harvest, a plant-based frozen smoothie and meals start-up, for an undisclosed amount. Founded in 2015, Daily Harvest is a New York-based company operates through a direct-to-consumer model, aiming to provide convenient, organic options rich in fruit and vegetables. Commenting on the move, Daily Harvest CEO Ricky Silver said: “I’m excited to share a new chapter in our journey. …
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Chobani
Chobani, the Greek yoghurt specialist, has announced plans to invest $1.2 billion in upstate New York to build its third US dairy processing plant. The new plant, under construction on a 150-acre site, will cover 1.4 million sq ft and is expected to help Chobani drive innovation and meet growing demand. The site will have the capacity to generate over 1 billion lb (450 million kg) of dairy goods per annum. …
Chobani, the Greek yoghurt specialist, has announced plans to invest $500 million to expand its plant in the city of Twin Falls (ID). The investment will reportedly bring over 500,000 sq ft of new space, with the expanded plant covering 1.6 million sq ft and housing 24 production lines, increasing productivity by 50%. The investment is described as the biggest in the company’s history. “Over a decade ago, this empty stretch …
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 …
Chobani, the second-largest yoghurt maker in the US, has announced the launch of a new oat-based range as it expands its offering in the non-dairy space. Called simply Chobani Oat, the new line will include oat-based yoghurt, due for launch next month, and oat-based milks due for launch in January next year. It is also launching a “barista blend” product designed to behave like steamed whole milk in coffee and tea. …
Chobani, the leading US greek yoghurt firm, has announced the launch of the company’s first plant-based product line under the name Chobani Non-Dairy. Claimed to be “packed” with probiotics and to contain 25% less sugar than other non-dairy brands, Chobani Non-Dary is described as a coconut-based blend with “only natural ingredients” and “real fruit” for a creamy texture and a refreshing taste. The line is available as Blueberry, Peach, Slightly Sweet Plain, Strawberry …
Chobani, the Greek yoghurt specialist, has announced plans to incrementally invest $100 million to expand capacity at its plant in Twin Falls, ID, USA, as the company looks to diversify its product range into new areas. According to a report in Food Business News, the investment includes the purchase and conversion of three production lines, as well as a new bulk production line for foodservice. The move will enable the …
Long-standing food and beverage rivals PepsiCo and Coca-Cola are tussling over a stake in yoghurt-maker Chobani, according to a source quoted by Reuters. According to the agency’s source, PepsiCo and Coca-Cola are among the companies in discussion to seal a deal that Chobani hopes could value the company at around $3 billion, the source reports. The Greek style yoghurt maker is exploring the sale of a minority stake, including warrants …
Chobani LLC, a Greek yoghurt manufacturer, has announced plans to branch out and expand its product portfolio from June 2014. The expansion will see Greek Yogurt Oats, Chobani Indulgent, Chobani Kids and Chobani Kitchen products added to the company range. Food Business News reports that Greek Yogurt Oats is a line of chilled Greek yoghurt mixed with fruit and oats, while the Indulgent line targets the dessert sector and features …
Greek yoghurt manufacturer Chobani is said to have secured a $750 million capital investment from private investment firm TPG Capital. As reported by Food Busines News, as part of the investment agreement TPG will have representation on the company’s board of directors, while Hamdi Ulukaya (Chief Executive Officer for Chobani) will serve as chairman. Mr Ulukaya spoke of the investment by saying “Chobani has experienced tremendous growth and leads one …
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