Keurig Dr Pepper sells Chobani stake and Pennsylvania facility for $925 million
Keurig Dr Pepper announced on September 1, 2026, it will sell its 5.9% equity stake in Chobani for $800 million and a manufacturing facility in Allentown, Pennsylvania, for $125 million, totaling $925 million. The deal, expected to close in Q3 2026, is part of KDP’s portfolio reshaping after its $18 billion JDE Peet’s acquisition. Chobani plans to invest $1.2 billion in the facility over five years and create over 900 jobs.