Keurig Dr Pepper said Tuesday it would sell its investment in Chobani back to the yogurt maker for $925 million, as the beverage company reshapes its business following its acquisition of JDE Peet’s.
Keurig will sell its entire equity stake in Chobani for $800 million, and a manufacturing facility and warehouse in Allentown, Pennsylvania, for $125 million.
The company has been reshaping its portfolio since its $18 billion acquisition of Dutch coffee and tea maker JDE Peet’s in April…