Chobani, a food and beverage company originally known for its Greek yogurt, announced that it has acquired La Colombe for $900 million.

La Colombe currently serves consumers across multiple channels, including retail, cafes, foodservice and direct-to-consumer. The brand states that it is the only ready-to-drink coffee company owning its supply chain from conscious bean sourcing and premium roasting to the creation of product experiences for customers.

"At a time where the industry has faced challenges to grow sales, Chobani has delivered double-digit, volume-led sales growth and considerable margin expansion. We have never been stronger or better positioned to chart our next chapter of growth," stated Chobani founder and chief executive officer Hamdi Ulukaya. "We've already made an investment in the coffee category with our creamers and are excited about bringing La Colombe into the Chobani family and offering the delicious, high-quality cold brew and ready-to-drink craftmanship of La Colombe to a next generation of consumers, powered by a strong distribution partner in KDP."

La Colombe will continue to operate as an independent brand. According to a company press release, this approach allows for collaboration and knowledge sharing between the two companies while preserving the identity and innovation that La Colombe offers.

"La Colombe is a unique brand and well positioned to continue its strong growth trajectory, including upside as its ready-to-drink line expands availability through our company-owned DSD network and with premium K-Cup pods now in the market," said, Keurig Dr Pepper’s chairman and CEO Bob Gamgort. "Both as a strategic partner and a minority shareholder, we are excited by the path ahead."

This summer, La Colombe announced a sales and distribution agreement with Keurig Dr Pepper that the company said would allow La Colombe to expand the reach of its single-serve product line and have access to grow underdeveloped channels like convenience retail.