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Chobani news
Archived — this story has rotated out of today’s deck. It is kept here in full.
The gist
Chobani announced a $1.2 billion investment in Allentown, Pennsylvania, creating 900 jobs. The deal also includes buying back Keurig Dr Pepper's stake for $925 million.
Background
Chobani, known for Greek yogurt, is expanding its manufacturing footprint. The Allentown facility, previously operated by Keurig Dr Pepper, will process over 3 billion pounds of Pennsylvania milk annually. This investment is part of Chobani's broader growth strategy, including new facilities in Rome, New York, and expansions in Idaho and Michigan.
How it unfolded
- Apr 22, 2025Chobani founder and CEO Hamdi Ulukaya spoke to reporters at the site of a planned $1.2 billion yogurt factory in Rome, New York.
- Feb 2026Chobani signed a 56,000-square-foot lease in Tribeca, New York, and a short-term lease at 99 Hudson Street, indicating a move from its longtime Lafayette Street offices.
- Aug 28, 2026Reports emerged that Chobani's planned headquarters at 360 Bowery, 'Chobani House,' remained quiet, with the company having moved out of its previous offices.
- Sep 1, 2026Chobani announced a $1.2 billion investment in Allentown, Pennsylvania, creating 900 jobs. Keurig Dr Pepper agreed to sell its Chobani stake and the Allentown facility for $925 million.
Who’s saying what
- Official
- Pennsylvania Gov. Josh Shapiro called the investment 'the largest private sector investment in the history of Pennsylvania's agriculture industry.'
- Analysts
- Keurig Dr Pepper's sale of its Chobani stake is seen as a move to reduce debt ahead of its planned split into two public companies.
Still unverified
The status of Chobani's planned headquarters at 360 Bowery remains unclear, with reports of delays and no official comment from the landlord.