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Chobani buying La Colombe

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Chobani announced the purchase of coffee roaster La Colombe.

The deal is valued at $900 million.

As part of the deal, Keurig Dr Pepper is exchanging its stake in La Colombe into Chobani equity. Keurig Dr Pepper bought a 33% stake in La Colombe this summer for $300 million.

Read more from Food Dive.

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