Global yoghurt company, Chobani, has completed a $1 billion (US$650 million) equity capital raise as it plans to expand its manufacturing operations in the US. The raise was advised by law firm Gibson Dunn.
Chobani announced a US$500 million plant expansion at its Idaho facility, and broke ground in April on a new US$1.2 billion food manufacturing plant in New York. With increasing consumer demand globally, the company is in a strong position to expand, supported by the new capital.
With its products manufactured in the US and Australia, Chobani distributes its range of yoghurt, oat milk, and creamers globally. The company has had an Australian facility since 2012, which was expanded in 2021 to double production.
Chobani stated this capital raise marks an important milestone for the company.
“This commitment from long-term oriented, industry thought leaders underscores strong confidence in Chobani's ability to deliver on its vision of making good food for all and putting its people at the center of everything it does,” stated the company.
Chobani Australia finalised several new leadership appointments recently, beginning with bringing on Scott Hadley as its ANZ managing director in April 2024, and including new general managers for marketing and science & innovation in November, and a new finance & IT director and sales GM in June 2025.
Hadley stated the now completed senior leadership team is primed to lead Chobani with purpose, challenge the status quo, and fuel the next wave of growth for the company.
