Keurig Dr Pepper completes Chobani stake redemption and facility sale for $925 million

Keurig Dr Pepper Inc. (KDP) said on Monday that its subsidiaries completed previously announced transactions with FHU US Holdings, LLC and its affiliates, known as Chobani, according to a regulatory filing.

The deals total $925 million in aggregate consideration.

DPS Holdings Inc. and Mott's LLP, both wholly-owned subsidiaries of Keurig Dr Pepper, along with certain other affiliates, completed the agreements on September 28, 2026.

The transactions include the redemption of all the company's indirect equity interests in Chobani for $800 million.

That consideration consists of $400 million in cash and a $400 million promissory note issued by Chobani to a subsidiary of the company.

The promissory note matures on December 26, 2026.

The agreements also include the sale of certain assets, including the company's leasehold interests in two facilities located in Allentown, Pennsylvania, for $125 million in cash.