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17 Dec 2023

Greek Yogurt Company Chobani Acquires Coffee Company La Colombe for... $900M!

[Chobani](https://www.chobani.com/), known for Greek yogurt, ventures into the beverage market [by acquiring](https://www.instagram.com/p/C04u1e-MpRP/?igshid=ZWI2YzEzYmMxYg==) the ready-to-drink coffee company. La Colombe is a notable player in the U.S. Ready To Drink coffee sector, a market worth around $5 billion La Colombe. The deal, valued at $900 million, was financed through a $550 million term loan, available cash, and an exchange involving Keurig Dr Pepper's minority equity. Hamdi Ulukaya, Chobani's Founder and CEO, has been involved with La Colombe since 2015.

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