Chobani raises US$650M to support dairy innovation

USA – Chobani has announced that it raised US$650 million, which the Greek yogurt giant plans to invest in growing production and supporting innovation.

The New York-based food maker noted the additional capital, along with its operating cash flows, will help fund its expansion in Twin Falls, Idaho, and its new US$1.2 billion food manufacturing plant in Rome, New York — the largest facility investment by the company in its history.

The US$650 million in funding puts Chobani at a US$20 billion valuation, according to The New York Times. Chobani expects to post US$3.8 billion in sales this year, a 28% increase from a year ago, the paper noted.

“This capital raise marks an important milestone for Chobani. This commitment from long-term oriented, industry thought leaders underscores strong confidence in Chobani’s ability to deliver on its vision of making good food for all and putting its people at the center of everything it does,” the company noted.

Chobani announces US$500M expansion of Twin Falls plant

Recently, the company announced plans to invest US$500 million to expand its processing plant in Twin Falls, Idaho.

The significant investment will boost the facility’s production capacity by 50% and increase its footprint by over 500,000 square feet. 

Once completed, the Twin Falls plant will cover 1.6 million square feet, operate 24 production lines, and employ more than 1,200 workers. 

The expansion, reported by the company as its largest investment to date, is set to begin immediately, with operations expected to start in early 2026.

The Twin Falls facility produces Chobani’s popular Greek yogurt, as well as oatmilk and coffee creamers, products that have fueled the company’s growth in recent years. 

A report by Chobani highlights that the project will create at least 160 new jobs, building on a long-standing partnership with the City of Twin Falls and its Urban Renewal Agency, which began in 2011. 

To support the expansion, Twin Falls will upgrade its water and sewer systems to meet the plant’s increased utility demands. 

Chobani will also contribute to these upgrades, including improvements to the local power substation and its wastewater pretreatment facility. 

Chobani’s decision aligns with a trend among consumer packaged goods companies investing in their facilities to meet growing demand. 

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