Corrected: Keurig Dr Pepper to sell back Chobani stake, manufacturing site for $925 million

Keurig Dr Pepper

01/09/2026 13:12

Corrects headline and paragraph 1 to clarify the $925 million proceeds includes Keurig's stake in Chobani as well as a manufacturing facility
Sept 1 (Reuters) - Keurig Dr Pepper KDP.O said on Tuesday it would sell its stake in Chobani back to the yogurt maker along with a manufacturing facility for $925 million, as the beverage company reshapes its business following its acquisition of JDE Peet's.
Here are some details:
Keurig will sell its entire equity stake in Chobani for $800 million, and a manufacturing facility and warehouse in Allentown, Pennsylvania, for $125 million.
The company has been reshaping its portfolio since its $18 billion acquisition of Dutch coffee and tea maker JDE Peet's in April.
It is also preparing to separate its coffee and beverage operations into two publicly traded U.S. companies.
Chobani said it would invest about $1.2 billion over the next five years in the facility, as it seeks to create milk with more protein and less sugar than traditional milk.
Last month, Keurig Dr Pepper maintained its annual forecasts after strong demand for its soda and energy drink brands helped it beat second-quarter sales and profit estimates.
     

 (Reporting by Neil J Kanatt in Bengaluru; Editing by Leroy Leo)
 ((Neil.JKanatt@thomsonreuters.com))