Chobani Secures $650 Million Investment for Global Growth

Chobani’s Record Investment Move

Hamdi Ulukaya, the founder and CEO of Chobani, announced that the company has secured a $650 million investment to support its global growth and innovation-focused strategy.

Evaluation and Use Cases

With this new funding, Chobani’s market value has risen to approximately $20 billion. The company plans to use the investment for the construction of a third dairy products factory in Rome, a city in New York State, and to increase the capacity of its Twin Falls facility in Idaho.

Responding to Growing Demand

The new capacity at Twin Falls is expected to come online by the end of the year to meet the increasing consumer demand. Chobani’s approach is shaped to address the growing interest of consumers in healthy and natural food options.

Hamdi Ulukaya’s Assessment

Chobani Founder and CEO Hamdi Ulukaya stated in his remarks regarding the investment, “This investment is not just about financing. It is proof of the vision and effort we have put forth for years.”