BelGioioso Cheese - Fresh Mozzarella
Mifroma - Turn an ordinary playdate into a great playdate... fondue it - Microwaveable cup ready to serve in 2 minutes - How do you fondue
Both Pepsi and Coke in Talks to Invest in Chobani Yogurt

Both Pepsi and Coke in Talks to Invest in Chobani Yogurt


NORWICH, NY
Wednesday, October 14th, 2015

Reports have surfaced that now both PepsiCo. and Coca-Cola Co. are in talks to invest in Greek yogurt company Chobani, in a deal that could reach a value of as much as $3 billion.

Chobani's Latest Product - New Flip Yogurt Flavors

According to sources spoken with by Reuters, Chobani has been exploring selling a minority stake that includes warrants owned by private equity firm TPG Capital LP, accounting for between 10 and 20 percent of the yogurt maker's equity. Chobani’s intent is to look for a strategic investor to help expand its supply chain, distribution, manufacturing base, and geographic footprint, the sources added.

While there is no certainty that either Pepsi or Coca-Cola will reach an agreement with Chobani, a deal is under negotiations. Other companies are also in talks with Chobani about a potential investment, the people said.

Hamdi Ulukaya, Founder, Chobani

Headquartered in Norwich, NY, Chobani was founded in 2005 by Turkish immigrant Hamdi Ulukaya. Ulukaya recently had acknowledged that the company has grown beyond his ability to run it, we had previously reported, also admitting making a series of mistakes that began in 2013 and cost the company both sales and market share. Private equity firm TPG Capital LP gave a $750 million loan to the company last year to help it fund a turnaround.

Pepsi and Coca-Cola have both made previous ventures into the dairy category. In 2012, Pepsi started selling yogurt through a joint venture with German dairy company Theo Müller, Reuters reports, and just this year Coca-Cola began distribution of a milk product called FairLife.

Chobani


BelGioioso Cheese - Fresh MozzarellaMifroma - Turn an ordinary playdate into a great playdate... fondue it - Microwaveable cup ready to serve in 2 minutes - How do you fondue

Have a new product, press release or story idea?

Let us know

In This Story


We believe everyone deserves delicious, nutritious yogurt made with only natural ingredients.

Good Food Media Network Releases 2018 Good Food Restaurants™ List

The company releases its annual rating and economic report offering insight into the purchasing practices of chefs and restaurants and their commitment to sustainable sourcing.
View Press Release

Charlotte-Based Hissho Sushi Debuts at Bank of America Stadium for Carolina Panthers’ 2018-2019 Season

The company provides visitors and Panthers fans sophisticated, fresh options like the California Roll, Spicy Tuna Roll, and Crispy Crab Roll.
View Press Release

P3 Named Official Protein Snack of UFC®

UFC® announced a new marketing partnership with Oscar Mayer®.
View Press Release

New Tuscanini Parchment Crackers Bring the Sun-Kissed Taste of Italy to America's Table

Three handmade varieties deliver a sophisticated touch to meals and light snacks.
View Press Release

WCMA Launches Workforce Committee to Address Labor Challenges

The Association's Inaugural Meeting is set for October 23 in Monroe, Wisconsin.
View Press Release

Chris Greer Named Continuous Improvement Manager for Master-Bilt

As Continuous Improvement Manager, Greer will drive operational excellence initiatives and be responsible for developing consistent improvement in the manufacturing operation at Master-Bilt.
View Press Release

The Big Chocolate Show

From cacao bean to confection, chocolate takes center stage in New York City.
View Press Release