KDP · 8-K · 20260901PR000055

Acquisition / Partnership / Divestiture

Keurig Dr Pepper Inc. · 2026-09-01 · Importance 58 · Surprise 42 · In source text

Keurig Dr Pepper will sell its full equity stake in Chobani back to Chobani for $800 million and sell its Allentown, Pennsylvania manufacturing facility and warehouse for approximately $125 million, including the lease, equipment and operations. The facility sale includes a defined-period co-manufacturing agreement, and Chobani intends to offer jobs to the site's manufacturing and warehouse employees. KDP and Chobani are broadening their distribution agreement for La Colombe RTD lattes and other Chobani-owned beverages through KDP's DSD network, while continuing the La Colombe K-Cup licensing, manufacturing and distribution agreement in the U.S. and Canada. The transactions are expected to close in the third quarter of 2026, subject to customary closing conditions.

Key facts

• Keurig Dr Pepper Inc. announced transactions with Chobani that include selling its full equity stake in Chobani and its Allentown facility for $925 million in pre-tax proceeds. source
• Keurig Dr Pepper Inc. will sell its full equity stake in Chobani back to Chobani for $800 million. source
• Chobani will acquire Keurig Dr Pepper Inc.'s manufacturing facility and warehouse in Allentown, Pennsylvania for approximately $125 million, including the facility lease, equipment and operations. source
• The transactions are expected to close in the third quarter of 2026, subject to customary closing conditions. source
• Keurig Dr Pepper Inc. and Chobani are updating and broadening their distribution agreement; KDP will continue distributing La Colombe RTD lattes and other Chobani-owned beverage products through its DSD network, including future RTD innovations. source
• Chobani intends to offer employment opportunities to employees at the Allentown site's manufacturing and warehouse operations. source
• Employees in delivery, customer service and other corporate functions at the Allentown facility will remain with Keurig Dr Pepper Inc. source
• Chobani will continue manufacturing certain products for Keurig Dr Pepper Inc. at the Allentown facility for a defined period after the sale under a co-manufacturing agreement. source

Impact estimates