Keurig Dr Pepper Finalizes $925M Transactions with Chobani

Key Facts

1Keurig Dr Pepper completed the redemption of indirect equity interests in Chobani for $800 million.

2The company sold assets including two facilities in Pennsylvania to Chobani for an additional $125 million.

3Chobani plans to invest $1.2 billion in a new manufacturing campus in Allentown.

Keurig Dr Pepper completed the redemption of indirect equity interests in Chobani for $800 million. Investing.com reported that the company also sold assets including two manufacturing facilities in Pennsylvania to Chobani for an additional $125 million, totaling $925 million in transactions.

The deals are intended to provide significant liquidity for Keurig Dr Pepper and streamline its balance sheet through the exit of indirect holdings. KDP closed at $31.95 on September 25, 2026, while Chobani plans to invest $1.2 billion in a new manufacturing campus in Allentown to support its expansion.