Chobani plans to invest $1.2 billion over the next five years to acquire and expand a 1.5 million-square-foot manufacturing and warehouse campus in Allentown, Pennsylvania. The facility, which opened in 2021, is being acquired from Keurig Dr Pepper for $125 million.
Chobani will use the site to make dairy products from farm-fresh milk, including milk with more protein and less sugar than traditional milk. The products will include multi-serve milk for families and form the base for new dairy offerings, including high-protein shakes made with real ingredients, the company said.
The Allentown campus will also give Chobani access to major consumer markets. The facility is within 500 miles of about 40% of the US population, allowing the firm to move products to customers more efficiently.
The investment is part of more than $4 billion Chobani plans to spend across its US manufacturing network. The company is investing in a new dairy processing facility in Rome, New York, expanding its plant in Twin Falls, Idaho, upgrading its original site in New Berlin, New York, and expanding its Norton Shores, Michigan, facility.
Chobani has grown about 20% annually over the past three years, supporting its decision to continue expanding production capacity.
