Chobani, LLC

What does Chobani own?
Chobani owns its flagship yogurt brand (including Greek Yogurt, Zero Sugar, High Protein, Complete, Oat, and Coffee Creamers), La Colombe Coffee Roasters (acquired in 2023 for $900 million), and Daily Harvest (acquired in 2025). The company manufactures its products at facilities in New York, Idaho, and Australia.

Is Chobani publicly traded?
No, Chobani is a privately held company. The company filed a draft S-1 for a potential IPO in 2021 but withdrew the filing in 2022. In October 2025, Chobani raised $650 million in equity capital at a $20 billion valuation. The company remains private as of 2026.

Who founded Chobani?
Chobani was founded in 2005 by Hamdi Ulukaya, a Turkish-Kurdish immigrant who came to the United States in 1994. Ulukaya purchased a shuttered Kraft dairy plant in South Edmeston, New York, for approximately $700,000 and spent two years developing the recipe before launching in 2007.

Where is Chobani headquartered?
Chobani is headquartered in New Berlin, New York, USA. The company has announced Chobani House, a new global headquarters in the NoHo neighborhood of New York City, for corporate employees. Its manufacturing facilities are in New Berlin, New York, Twin Falls, Idaho, and a new $1.2 billion facility under construction in Rome, New York.

How many brands does Chobani own?
Chobani owns three major brands: Chobani (yogurt, oat milk, creamers), La Colombe (ready-to-drink coffee), and Daily Harvest (frozen meals and smoothies). The Chobani brand itself includes multiple product lines including Greek Yogurt, Zero Sugar, High Protein, Complete, Oat, and Coffee Creamers.

Who owns Chobani?
Chobani is privately held. Founder Hamdi Ulukaya is the majority owner. Keurig Dr Pepper holds a minority equity stake, acquired through the La Colombe transaction in December 2023. In October 2025, undisclosed institutional investors participated in a $650 million equity raise at a $20 billion valuation.

What is Chobani's revenue?
For 2025, Chobani reported revenue of approximately $3.8 billion, up 29% year over year from approximately $3.0 billion in 2024. The company expects to post over $1 billion in earnings in 2026, according to Bloomberg reporting.

Has Chobani made major acquisitions recently?
Yes. Chobani acquired La Colombe Coffee Roasters for $900 million in December 2023 and Daily Harvest in May 2025 for an undisclosed amount. These acquisitions expanded Chobani beyond yogurt into ready-to-drink coffee and frozen ready-to-make meals.

Hamdi Ulukaya came to the United States from Turkey in 1994 to study English in Albany and then attended SUNY Oneonta. He founded Fage's U.S. operations in 2002 to import Greek yogurt, gaining familiarity with the category before launching his own brand.

In 2005, Ulukaya purchased an 85-year-old Kraft dairy plant in South Edmeston, New York, that had been shut down, paying approximately $700,000. He spent two years developing a recipe for authentic Greek-style strained yogurt with a small team before launching in 2007 with a single product in a quart-size container.

The product reached Wegmans grocery stores in upstate New York and grew through word of mouth before receiving national distribution. By 2012, Chobani had reached approximately $1 billion in annual sales, one of the fastest food brand ramp-ups in U.S. history. By 2013, Chobani was the single best-selling yogurt brand in the United States, ending Yoplait's decades-long dominance.

In 2016, the company faced a financial challenge resulting from rapid expansion and took a loan from TPG Growth, a private equity firm that acquired a minority convertible stake. Ulukaya bought out TPG in 2020, restoring full private family ownership. The company filed a draft S-1 for a potential IPO in 2021 but withdrew the filing in 2022 and remains private.

In December 2023, Chobani acquired La Colombe Coffee Roasters for $900 million. The acquisition was financed through a $550 million term loan, cash on hand, and the conversion of Keurig Dr Pepper's existing 33% stake in La Colombe into Chobani equity, making KDP a minority shareholder. La Colombe brought ready-to-drink cold brew and Draft Latte products, plus access to KDP's direct-store-delivery network, which reaches virtually every convenience store and gas station in the United States.

In May 2025, Chobani acquired Daily Harvest, a plant-based food company offering organic smoothies, breakfast bowls, protein powders, and frozen meals. The terms were not disclosed. Daily Harvest was last publicly valued at $1.1 billion in 2021. The acquisition marked Chobani's entry into ready-to-make meals and added a direct-to-consumer subscription channel.

In October 2025, Chobani raised $650 million in equity capital to fund manufacturing expansion, including the $1.2 billion Rome, New York facility and the $500 million Twin Falls, Idaho expansion. The round valued the company at approximately $20 billion.

Chobani has received significant attention for its founder's philanthropic commitments, including a widely publicized allocation of employee equity to full-time U.S. employees and Ulukaya's signing of the Giving Pledge to donate the majority of his wealth.

Chobani does not use artificial ingredients in its products and is committed to using milk from cows not treated with rBST growth hormone. The company's products are made with only natural ingredients and sweeteners, without artificial preservatives.

Ulukaya's social mission includes profit sharing and paid parental leave programs for Chobani's 3,000+ employees, competitive hourly wage increases well above the federal rate, and a focus on hiring refugees. The company has implemented employee equity programs, including a widely publicized allocation of equity to full-time U.S. employees.

Chobani has invested in the communities surrounding its New York and Idaho plants, including funding for a fire and community center in New Berlin, New York, a refrigerated truck for The Idaho Foodbank, and an advanced center for agriculture at the University of Idaho.

The company is not a Certified B Corporation. Chobani has explored B Corp principles but has not completed certification. Its sustainability reporting is primarily self-reported through its media kit and corporate communications, not independently verified by third-party environmental certifications.

Chobani has been recognized for its rapid growth and market impact. The company's rise from zero to $1 billion in sales within five years was one of the fastest food brand ramp-ups in U.S. history. Chobani has been featured on Forbes lists of America's most promising companies and has received recognition for its workplace culture and refugee hiring initiatives.

Hamdi Ulukaya has been recognized for his philanthropic work, including signing the Giving Pledge and receiving awards for his advocacy on refugee employment. These recognitions are based on independent rankings and media reporting, not self-awarded claims.

Chobani has faced regulatory and public scrutiny on several fronts. The company's 2021 IPO filing was withdrawn in 2022 amid market conditions and questions about profitability at the time. The company's high leverage, including approximately $650 million in rated bonds, a $1.35 billion leveraged loan, and a $550 million term loan, while simultaneously funding a $1.7 billion capital expenditure program, has drawn scrutiny from credit analysts. The company's bonds are rated below investment grade.

In 2013, Chobani faced a class action lawsuit regarding the labeling of its products as "natural" while containing processed ingredients. The company has also faced scrutiny over its use of the term "Greek" yogurt, since the product is manufactured in the United States rather than Greece.

The company's rapid expansion in the early 2010s led to quality control challenges, including a 2013 recall of some yogurt cups due to mold contamination. Chobani addressed the issue and implemented improved quality control measures.

As a food manufacturer, Chobani is subject to FDA regulation and USDA oversight for its dairy operations. The company must comply with food safety standards, labeling requirements, and environmental regulations at its manufacturing facilities.