{"id":225214,"date":"2023-12-15T09:23:15","date_gmt":"2023-12-15T17:23:15","guid":{"rendered":"https:\/\/sprudge.com\/?p=225214"},"modified":"2023-12-15T09:23:15","modified_gmt":"2023-12-15T17:23:15","slug":"chobani-now-owns-la-colombe-coffee-roasters-outright","status":"publish","type":"post","link":"https:\/\/sprudge.com\/chobani-now-owns-la-colombe-coffee-roasters-outright-225214.html","title":{"rendered":"Chobani Now Owns La Colombe Coffee Roasters Outright","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"<p>It wasn\u2019t but five months ago that <a href=\"https:\/\/sprudge.com\/keurig-dr-pepper-buys-minority-stake-in-la-colombe-212085.html\">Keurig Dr. Pepper bought a minority stake in La Colombe Coffee Roasters<\/a>. That appears to have been a short-lived ownership as <a href=\"https:\/\/www.chobani.com\/\">Chobani<\/a> has purchased the Philadelphia coffee company outright for $900 million.<\/p>\n<p>Chobani and <a href=\"https:\/\/www.lacolombe.com\/\">La Colombe<\/a> have been bedfellows going back to 2015, when the yogurt brand\u2019s founder and CEO Hamdi Ulukaya purchased a majority stake in the roasting brand. With the latest sale, though, full ownership now rests with Chobani. As reported by <a href=\"https:\/\/www.fastcompany.com\/90997061\/chobani-buys-la-colombe-900-million-hamdi-ulukaya-keurig-coffee\">Fast Company<\/a>, part of the $900 million will go to buy out Ulukaya\u2019s private stake in La Colombe.<\/p>\n<p><a href=\"https:\/\/www.keurigdrpepper.com\/\">Keurig Dr. Pepper<\/a>\u2019s 33% ownership will also be converted into a minority position with Chobani. As part of their minority purchase earlier this year, KDP received a \u201clong-term sales and distribution agreement for La Colombe ready-to-drink coffee and a long-term licensing, manufacturing and distribution agreement for La Colombe branded K-Cup\u00ae coffee pods\u201d that will remain intact under new ownership.<\/p>\n<p>Per Fast Company, despite have over 30 cafes nationwide, the majority of La Colombe\u2019s revenue comes from sales of their canned lattes. Chobani hopes to leverage the relationship with Keurig Dr. Pepper, \u201cNorth America\u2019s No. 3 beverage maker,\u201d to expand La Colombe\u2019s retail distribution two- to three-fold. Now more publicly at the helm, Ulukaya tells Fast Company that he \u201cenvisions a La Colombe 2.0 that will challenge dominant bottled-coffee players, such as Starbucks, Dunkin\u2019, Black Rifle, and Monster.\u201d<\/p>\n<p>The date the sale will be\/was finalized has yet to be made public. No information was provided on if rights to the <a href=\"https:\/\/sprudge.com\/todd-carmichael-makes-coffee-dragon-pump-activated-brew-device-59844.html\">Dragon Brewer<\/a> were included in the sale.<\/p>\n<p><em><a class=\"addbackground\" href=\"https:\/\/www.instagram.com\/zaccad\/\">Zac Cadwalader<\/a>\u00a0is the managing editor at Sprudge Media Network and a staff writer based in Dallas.\u00a0<a class=\"addbackground\" href=\"https:\/\/sprudge.com\/author\/zac-cadwalader\" target=\"_blank\" rel=\"noreferrer noopener\">Read more Zac Cadwalader\u00a0on Sprudge<\/a>.<\/em><\/p>\n","protected":false,"gt_translate_keys":[{"key":"rendered","format":"html"}]},"excerpt":{"rendered":"<p>Chobani paid $900 million for full ownership.<\/p>\n","protected":false,"gt_translate_keys":[{"key":"rendered","format":"html"}]},"author":59,"featured_media":225217,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"none","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","footnotes":""},"categories":[27348],"tags":[17467,4355,29960,249,19499,10013],"gt_translate_keys":[{"key":"link","format":"url"}],"_links":{"self":[{"href":"https:\/\/sprudge.com\/wp-json\/wp\/v2\/posts\/225214"}],"collection":[{"href":"https:\/\/sprudge.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sprudge.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sprudge.com\/wp-json\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/sprudge.com\/wp-json\/wp\/v2\/comments?post=225214"}],"version-history":[{"count":4,"href":"https:\/\/sprudge.com\/wp-json\/wp\/v2\/posts\/225214\/revisions"}],"predecessor-version":[{"id":225233,"href":"https:\/\/sprudge.com\/wp-json\/wp\/v2\/posts\/225214\/revisions\/225233"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sprudge.com\/wp-json\/wp\/v2\/media\/225217"}],"wp:attachment":[{"href":"https:\/\/sprudge.com\/wp-json\/wp\/v2\/media?parent=225214"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sprudge.com\/wp-json\/wp\/v2\/categories?post=225214"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sprudge.com\/wp-json\/wp\/v2\/tags?post=225214"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}