Keurig Dr Pepper Sells Chobani Stake and Allentown Plant for $925 Million

The transaction includes the sale of KDP’s full equity interest in Chobani for $800 million, alongside the $125 million sale of the Allentown production site. Chobani plans to retain the facility's manufacturing and warehouse staff, while KDP will keep its corporate and delivery personnel. To ensure supply chain stability, Chobani will continue producing specific goods for KDP at the Pennsylvania plant under a temporary co-manufacturing agreement.

Beyond the divestiture, the companies are broadening their long-term commercial ties. KDP remains the primary distributor for Chobani’s ready-to-drink lattes and other beverages through its direct store delivery network. The collaboration also secures the ongoing manufacturing and distribution of La Colombe-branded K-Cup pods across the United States and Canada. KDP CEO Tim Cofer stated the deal enhances financial flexibility and optimizes the company's manufacturing footprint, while Chobani founder Hamdi Ulukaya noted the acquisition allows the plant to reach its full production potential. The deal is expected to close in the third quarter of 2026.