8-KItem 8.01 · Other EventsItem 9.01 · Financial Statements
KDP to Sell Chobani Stake and Allentown Facility for $925 Million
Filed with the SEC on · Summarized by InvestorsBot
Keurig Dr Pepper will sell its full minority stake in Chobani for $800 million and its Allentown, Pennsylvania manufacturing facility and related assets for approximately $125 million, generating $925 million in pre-tax proceeds. The transactions are expected to close in the third quarter of 2026, subject to customary conditions, with KDP planning to use the proceeds to reduce debt while continuing to distribute Chobani beverages and manufacture certain products at the facility under a transition agreement.