Chobani, the renowned food and beverage company recognized for its Greek yogurt, has announced the acquisition of La Colombe for a sum of $900 million. This strategic move further diversifies Chobani’s product offerings and extends its reach into the thriving ready-to-drink coffee market.

La Colombe, a well-established player in the coffee industry, boasts a unique position as the only ready-to-drink coffee company with ownership of its entire supply chain. The brand caters to consumers through various channels, including retail, cafes, foodservice, and direct-to-consumer sales. Known for its commitment to conscious bean sourcing and premium roasting, La Colombe has carved a niche for itself in the competitive coffee market.

Chobani’s founder and CEO, Hamdi Ulukaya, expressed enthusiasm about the acquisition, highlighting the strength and growth of Chobani in a challenging industry. The deal reflects Chobani’s strategic approach to expanding its presence and offering high-quality products to a broad consumer base.

La Colombe will continue to operate as an independent brand under the Chobani umbrella. This approach allows for collaborative efforts and knowledge-sharing between the two companies while preserving the distinct identity and innovative spirit that La Colombe brings to the table.

Keurig Dr Pepper (KDP), which serves as a distribution partner for La Colombe, expressed support for the acquisition. KDP’s chairman and CEO, Bob Gamgort, emphasized the exciting path ahead for both companies. The partnership with KDP provides La Colombe with expanded distribution channels and opportunities to tap into underdeveloped markets, such as convenience retail.

This acquisition marks a significant step for Chobani as it continues to evolve its portfolio and explore new avenues within the food and beverage industry. The integration of La Colombe’s expertise in the coffee sector aligns with Chobani’s commitment to delivering innovative and high-quality products to consumers.