Chobani's Greek yogurt manufacturing plant in Twin Falls, Idaho, which opened in late 2012, already is seeking to expand.
The yogurt facility aims to add on to its packaging and filling rooms on the east side of the plant, Mitch Humble, the city’s community development director, toldTimes-News reporter Mychel Matthews.“The expansion won’t increase production but will reduce downtime during cleaning,” the article reads. “The 27,568-square-foot expansion, ‘which is small in Chobani terms,’ he said, ‘will make room for a couple more lines of filling equipment.’”
The expansion is just one example of Chobani’s growing influence in the world of Greek yogurt.
“Chobani, less than a decade old, is in talks with six potential investors for a deal that could value it at $5 billion,” reads an article by William Alden on Deal B%k. The yogurt giant also is exploring selling stake of 15 percent or less to increase capital, according to the same article.
Bank of America is working with the company as it explores its options. PD
—Summarized by PD staff from cited sources
