Keurig Dr Pepper Sells Chobani Stake for $925 Million

Keurig Dr Pepper has agreed to sell its entire investment in Chobani back to the yogurt maker for $925 million, marking another major step in its ongoing business restructuring. The deal includes the sale of Keurig’s equity stake in Chobani for $800 million and a manufacturing facility and warehouse in Allentown, Pennsylvania, for an additional $125 million.

The divestment comes as Keurig Dr Pepper reshapes its portfolio following its $18 billion acquisition of JDE Peet’s earlier this year. The beverage giant is also preparing to split its coffee and beverage operations into two separately listed U.S. public companies, signaling a sharper strategic focus across its brands.

Chobani said it plans to invest approximately $1.2 billion in the Allentown facility over the next five years to develop higher-protein, lower-sugar milk products. The announcement follows Keurig Dr Pepper’s recent decision to maintain its full-year financial outlook after strong sales of its soda and energy drink brands boosted second-quarter results.

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