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Keurig Dr Pepper to Sell Off Chobani Stake Ahead of Split into Beverage Co. and Global Coffee Co. but will Continue to Distribute La Colombe Brand Products – CoffeeTalk

Keurig Dr Pepper (KDP) is selling its complete equity stake in Chobani back to the yogurt company for $800 million, while Chobani will acquire KDP’s manufacturing and warehouse operation in Allentown, PA, for $125 million. KDP plans to utilize the proceeds to reduce debt as part of its strategy to split into two separate entities: Beverage Co. and…

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