All articles tagged with #beverage business
Greek-yogurt maker Chobani has acquired ready-to-drink coffee maker La Colombe for $900 million, using a combination of cash, a term loan, and an equity stake exchange. Chobani aims to expand its beverage business and diversify its product offerings, following its withdrawal of plans for an initial public offering last year. La Colombe will continue to operate as an independent brand.
Greek-yogurt maker Chobani has acquired ready-to-drink coffee maker La Colombe for $900 million in order to expand its beverage business. The acquisition was made through a combination of a term loan, cash on hand, and in exchange for Keurig Dr Pepper's minority equity stake in La Colombe. Chobani, which had previously withdrawn its plans for an IPO, has been diversifying its product categories by adding items like coffee creamers. La Colombe will continue to operate as an independent brand.