Keurig Dr Pepper Sells Stake in Chobani and Facility for $925 Million
Keurig Dr Pepper has sold its minority stake in Chobani and a Pennsylvania facility for $925 million in pre-tax proceeds. The proceeds will support the company's deleveraging goals.
Keurig Dr Pepper announced today the sale of its minority investment in Chobani and a production facility located in Pennsylvania. The transaction is valued at $925 million in pre-tax proceeds.
The company stated that the funds generated from this sale will be allocated to support its strategic objectives for debt reduction. Concurrently, Keurig Dr Pepper is updating and expanding its long-term commercial relationship with Chobani.
The deal is anticipated to be finalized within the fourth quarter of 2026. Further details regarding the financial impact of this transaction will be disclosed in subsequent financial reports. The companies will continue their existing collaboration in other business areas.