BusinessQuiet 71d · day 74
Keurig Dr Pepper sells Chobani stake and Pennsylvania plant for $925M
The beverage maker divests its yogurt brand investment and manufacturing facility ahead of planned corporate split.
What to know
- Keurig Dr Pepper is divesting its stake in Chobani yogurt and a Pennsylvania manufacturing plant for a combined $925 million.
- The sale consists of an $800 million equity stake buyback and a $125 million facility sale to Chobani.
- The transaction is part of Keurig Dr Pepper's preparation for a planned split into two separate public companies.
“The beverage company will sell its equity stake in Chobani for $800 million and an Allentown manufacturing facility for $125 million”
Quartz · Quartz
Keurig Dr Pepper Beverage companyChobani Yogurt maker
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