Keurig Dr Pepper agrees $925M sale of Chobani stake and PA facility
Keurig Dr Pepper said it agreed to sell its entire equity stake in Chobani back to the company for $800 million. It will also sell its Allentown, Pennsylvania manufacturing facility and warehouse in the deal.
WASHINGTON (dpa-AFX) - Beverage company Keurig Dr Pepper Inc. (KDP) said Tuesday it has agreed to sell its entire equity stake in yogurt and beverage maker Chobani back to the company for $800 million. It also will sell its manufacturing facility and warehouse in Allentown, Pennsylvania, to Chobani.