Vending

Chobani to acquire La Colombe for $900M

Image: Chobani

December 15, 2023

Chobani LLC, a food and beverage company originally known for its Greek yogurt, has acquired La Colombe, a roaster serving the convenience service channel and other verticals, for $900 million, according to a press release.

As part of Chobani, La Colombe will continue to operate as an independent brand.

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 minority equity stake in La Colombe into Chobani equity.

Under Chobani ownership, La Colombe will benefit from the company's retail execution, marketing and cold chain capabilities to grow, and through its recently announced sales and distribution agreement with Keurig Dr Pepper Inc.

La Colombe currently serves consumers across multiple channels, including offices, retail, cafes, foodservice and direct-to-consumer.