Chobani raises $650M to fuel continued growth
Courtesy of Chobani
Chobani announced it has raised $650 million equity capital to support its continued growth.
"This growth capital, together with the Company's strong operating cash flows, is intended to fund the recently announced plant expansion in Twin Falls, Idaho, and new food manufacturing plant in Rome, N.Y. Additional capacity in Twin Falls is expected to come online later this year to meet increasing consumer demand for Chobani's products," the company said.
"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," Chobani added.
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