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February 13, 2016 7:11 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

Phone:

607-847-6181

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

Chobani Rejected Offer From Pepsico

Chobani LLC rejected offer from Pepsico, Inc. (NYSE:PEP). Chobani said on February 5, 2016, that it had rejected offers from PepsiCo and other investors. Chobani worked with The Goldman Sachs Group, Inc. (NYSE:GS) to explore the sale after being approached by several parties in 2015. The decision to reject the offer was due in part to the terms, Chobani said in an email to Reuters. Chobani maker wanted to sell a minority stake while outside investors like PepsiCo were looking for a majority stake in the company. Chobani said that independence remained a key asset to the company and the brand. PepsiCo was not immediately available to comment.

General Mills Files False Advertising Suit against Chobani

General Mills filed a false advertising suit against Chobani. A federal judge has barred Chobani from continuing an ad campaign that likens Yoplait yogurt to bug spray, a response to General Mills' suit against Chobani for false advertising. Chobani also has been prohibited from continuing a separate but similar ad campaign against Dannon. Both preliminary injunctions against Chobani were issued by David Hurd, a judge for the U.S. District Court of Northern New York. General Mills has demonstrated it could be 'irreparably harmed' by Chobani's ads and that the company would have a 'substantial likelihood of success on the merits of its false advertising claim'. In responding to General Mills and Dannon's lawsuits, Chobani argued that its ad claims about potassium sorbate and sucralose are merely 'puffery' statements of Chobani's own opinion about the superiority of its own natural products. Chobani said it will 'continue its mission' to call on food makers to use natural ingredients. General Mills' suit against Chobani was initially filed in U.S. District Court in Minneapolis but moved to the northern district of New York where litigation between Dannon and Chobani was pending.

WhiteWave Foods Reportedly seeks Stakes In Chobani

The WhiteWave Foods Company (NYSE:WWAV) reportedly seeking stake in Chobani LLC. Other companies have also expressed interest in Chobani. One of them has been organic foods producer WhiteWave Foods Co, the people said. The source asked not to be identified because the matter is not public. WhiteWave did not immediately respond to a request for comment.

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