Chobani Secures Funds For “growth And Innovation” 

Credit: Ian Dewar Photography/Shutterstock.com

US dairy and plant-based shaper Chobani has secured $650m successful caller equity backing to support “growth and innovation”. 

In a connection yesterday (16 October), nan institution said nan proceeds will utilized to finance its planned mill description successful Twin Falls, Idaho, and a new nutrient manufacturing installation successful Rome, New York.  

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Details of nan finance root were not disclosed. Just Food has contacted Chobani for comment. 

“This superior raise marks an important milestone for Chobani. This committedness from semipermanent oriented, manufacture thought leaders underscores beardown assurance successful Chobani’s expertise to present connected its imagination of making bully nutrient for each and putting its group astatine nan centre of everything it does,” Chobani’s connection read.  

In April, nan institution announced a $1.2bn investment  successful a caller 1.4 million-square ft accumulation installation successful Rome. 

The site, nan company’s 3rd successful nan US, is group to location up to 28 accumulation lines and grip astir 12 cardinal pounds of beverage per day. 

The Idaho project, announced successful March, involves a $500m description astatine nan Twin Falls facility, which manufactures Chobani yogurts, oat beverage and java creamers.  

Chobani plans to adhd much than 500,000 quadrate feet to nan site, pinch nan upgrade projected to assistance capacity by 50%. 

At nan clip of nan announcement, a spokesperson told Just Food nan finance would create 160 full-time positions.  

Once complete, nan Twin Falls location is group to employment much than 1,300 full- and part-time staff. The installation supplies customers successful nan US and Mexico.  

In its latest statement, Chobani said further capacity successful Twin Falls is expected to spell unrecorded later this year. 

In May, Chobani acquired local frozen-foods business Daily Harvest. 

Founded successful 2015, Daily Harvest makes frozen, single-serve items specified arsenic smoothies, meal bowls and savoury meals.  

Initially launched arsenic a direct-to-consumer operation, Chobani products continues to waste done its website and are besides disposable astatine retailers including Target, Kroger and Wegmans.