Greg Tingle Official Blog
Chobani acquires La Colombe for $1.34 billion - December 18, 2023
Chobani – a US-based food and beverage company known for its Greek yogurt – has acquired coffee company La Colombe for US$900 million ($1.34 billion), marking its expansion into the ready-to-drink (RTD) coffee market.
The acquisition was financed by a newly issued US$550 million ($820 million) term loan, cash on hand, and the exchange of Keurig Dr Pepper’s (KDP) minority equity stake in La Colombe into Chobani equity.
La Colombe is the only RTD coffee company that owns its supply chain from bean sourcing to product creation and has a significant presence across multiple channels, including retail, cafes, food service, and direct-to-consumer.
The company’s RTD offering will complement Chobani’s core yogurt portfolio and modern food innovations, including oat milk and creamer.
At the same time, under Chobani’s ownership, La Colombe will benefit from its extensive retail execution, marketing, and cold chain capabilities to grow its multi-serve offering.
In addition, through its recently announced sales and distribution agreement with KDP, La Colombe will meaningfully expand the reach of its single-serve product line and have access to grow underdeveloped channels like convenience retail.
“We have never been stronger or better positioned to chart our next chapter of growth,” said Hamdi Ulukaya, founder and CEO, Chobani.
“We’ve already invested in the coffee category with our creamers and are excited about bringing La Colombe into the Chobani family and offering the delicious, high-quality cold brew and ready-to-drink craftsmanship of La Colombe to the next generation of consumers, powered by the strong distribution partner in KDP.”
As part of the acquisition, La Colombe will continue to operate as an independent brand, allowing for collaboration and knowledge sharing between the two companies while preserving La Colombe’s unique identity and innovation.
“La Colombe is a unique brand and well positioned to continue its strong growth trajectory, including upside as its ready-to-drink line expands availability through our company-owned DSD network and with premium K-Cup pods now in the market,” added Bob Gamgort, chairman and CEO, KDP.
“Both as a strategic partner and a minority shareholder, we are excited by the path ahead.”
Campos Coffee launches limited-edition Christmas Blend - December 2023
Campos Coffee has launched limited-edition Christmas Blend made from beans from Kenya, Brazil, and Colombia.
The Christmas Blend features a combination of Anaerobic Lactic Natural from Indonesia and washed Kenyan beans delivering a fruity flavour and a hint of booziness.
It also has cinnamon-infused Colombian coffee and natural beans from Brazil with a note of roasted chestnuts.
The Christmas Blend is available at Campos Coffee’s flagship stores and selected cafe partners, and on the company’s website www.camposcoffee.com, in 250g for $25, 500g for $50, and 1kg for $95.
