Keurig Dr Pepper is Cashing Out of Chobani, is the $925 Million Exit a Smart Reset?
Keurig Dr Pepper (KDP) will sell its Chobani stake and Allentown facility for $925M pre-tax. The sale, expected to close in Q3 2026, will reduce debt ahead of KDP's planned separation into two independent companies. KDP will retain distribution and manufacturing ties with Chobani.


