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High: 89º Low: 64º
High; 90º Low: 65º
Chobani May Decide To Seek Capital Investment For Expansion
Twin Falls, Idaho ( KMVT-TV / KSVT-TV ) - Greek Yogurt Company - Chobani - is said to be seeking capital investment.
Sources tell Idaho's First News that the company could be valued at more than $5 billion.
Among the options explored, Chobani could be looking to sell a stake of 15% or less. We're told the company continues to grow in sales and market share.
Recently, the company invested about $4 million to expand its big manufacturing plant in Twin Falls.
It was also confirmed Wednesday by sources that there will be 10 new products coming out by June.