Economy

Chobani Brings Greek Yogurt Facility To Idaho

In December 2012, the New York-based Greek yogurt company began making yogurt at it’s new manufacturing facility in Twin Falls, Idaho.The company announced in 2011 plans to build it’s second U.S. manufacturing plant. Chobani chose Twin Falls. The company has said it plans to hire up to 500 people once the facility starts operating at full capacity.Hamdi Ulukaya founded the Chobani Greek Yogurt company in 2005. According to Chobani’s website, Ulukaya threw himself into the yogurt business after he saw an ad for a recently shuttered Kraft yogurt plant in his local newspaper. He purchased that facility.By 2007, Chobani Greek Yogurt could be found in New York grocery stores. By 2010, it became the number one selling Greek yogurt in the country.

Chobani Considers Initial Public Offering In 2021

Boise State Public Radio News | By Staff

Published February 5, 2021 at 8:15 AM MST

Chobani, the yogurt company with a Twin Falls plant of more than 700 employees, is considering the possibility of an initial public offering later this year, according to the Wall Street Journal.People familiar with the matter say the IPO could value Chobani to as much as $10 billion.

The Journal reports Chobani has flirted with the idea of an IPO for years, but in previous attempts the company hit the brakes. In 2016, Chobani rejected a bid from PepsiCo to buy a majority stake in the company.

Chobani founder Hamdi Ulukaya told the newspaper the company was considering "all options" to support its growth.

According to Chobani, its yogurt plant in Twin Falls contributes to more than 8,000 indirect jobs in Idaho.

Chobani Considers Initial Public Offering In 2021

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