The company, which has branched out from Greek-style yogurt, will invest more than $1 billion in the plant in the city of Rome.The New York Times reports that Chobani, a company known for its Greek-style yogurt, is expanding its operations with a new plant in Rome, New York. The company, which was founded in 2005 in a former Kraft factory, has experienced significant growth and is now one of the largest dairy producers in the nation. The new plant, expected to cost at least $1.2 billion, will be able to produce one billion pounds of dairy products per year and is considered to be the largest dairy factory in the United States.
Chobani’s founder and CEO, Hamdi Ulukaya, stated in an interview that the company has been experiencing rapid growth and needed to expand its capacity to meet demand. The new plant is expected to nearly double Chobani’s workforce in New York State. This expansion is just one example of the company’s ambitious plans for the future. Chobani’s net sales increased by 17% last year, reaching $2.96 billion, and its adjusted pretax earnings rose by 26%, reaching $509 million.
Chobani has also diversified its product line beyond Greek-style yogurt, now offering creamers, oat milk, and coffee beverages after acquiring La Colombe in 2023 for $900 million. In addition, Mr. Ulukaya personally purchased Anchor Brewing, a San Francisco brewery, after it went out of business. The company now claims to control about 20% of the American yogurt market, according to Nielsen data. The new plant in Rome is a testament to Chobani’s continued growth and success in the food industry.
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