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November 29, 2015 5:56 AM ET

Food Products

Company Overview of Chobani, LLC

Company Overview

Chobani, LLC produces and sells Greek yogurt. Chobani, LLC was formerly known as Agro-Farma, Inc. and changed its name to Chobani, LLC in January 2012. The company was founded in 2005 and is based in Norwich, New York.

147 State Highway 320

Norwich, NY 13815

United States

Founded in 2005



Key Executives for Chobani, LLC

Founder, Chairman and Chief Executive Officer
Senior Vice President of Supply Chain and Operations
Director of Communications
Director of Public Relations
Vice President of Global Quality, Food Safety and Regulatory Affairs
Compensation as of Fiscal Year 2015.

Chobani, LLC Key Developments

Coca-Cola Reportedly Not Eyeing Stake In Chobani; Others In Race

Coca-Cola Enterprises Inc. (NYSE:CCE) is looking at acquiring a stake in Chobani, LLC, sources told CNBC. People familiar with the situation had previously reported that Pepsico, Inc. (NYSE:PEP) and Coca-Cola were in discussions regarding acquiring a stake in Chobani, in a sale managed by Goldman Sachs. Other food and consumer companies are in talks to invest as well, the sources said. The investment could value Chobani at as much as $3 billion, including debt, Reuters reported. TPG Capital, L.P. could have its position bought out in any new investment. Chobani would continue to be led by Hamdi Ulukaya, who is now looking for a strategic investor to help expand and enter new product categories.

Pepsi, Coca-Cola Reportedly Competing For Investment In Chobani

Pepsico, Inc. (NYSE:PEP) and Coca-Cola Enterprises Inc. (NYSE:CCE) Coca-Cola Enterprises Inc. (NYSE:CCE) are in talks to invest in Chobani, LLC, according to people familiar with the matter. Chobani and Cola-Cola declined to comment. Pepsi did not immediately respond to a request for comment.

Chobani Is Said To Be Working On Stake Sale

Chobani, LLC is working with The Goldman Sachs Group, Inc. (NYSE:GS) to explore the sale of a minority stake in the business, according to a person familiar with the situation. Chobani is looking for an investment from a company that could help increase distribution and production as it looks to meet rising demand for its products, said the person, who asked not to be named because the information is private. The deal may involve a buyout of TPG Capital, L.P.’s stake in the company, the person said. Michael Gonda, a spokesman for Chobani, and Michael DuVally, a spokesman for Goldman Sachs, declined to comment, and Luke Barrett, a spokesman for TPG, also declined to comment, reported Bloomberg.

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