Later history and expansion
In November 2011, Chobani expanded into Victoria, Australia through the purchase of Victorian dairy company Bead Foods.[23] It then invested $30m to expand the facility and began manufacturing from the Dandenong South plant in December 2012.[24] In 2012, the brand opened its second plant in what became the world's largest yogurt facility in Twin Falls, Idaho, with an initial investment of $750 million. The move created approximately 7,000 jobs, and unemployment rates in the region dropped from 6.3% to 2.4%.[25] Chobani also opened its first brick-and-mortar cafe in SoHo, New York City in July 2012.[26][27][28]
Following the success of its product in Australia, in 2014 Chobani expanded its distribution to Asia and Latin America, beginning with Singapore, Malaysia, and Panama. The company announced plans for the Caribbean as well.[29] In April 2014, Chobani reached a deal with private-equity firm TPG for a $750-million investment, which funded the company's expansion and the launch of a new line of products.[30] In 2014 the company launched Chobani Oats, a blend of Greek yogurt, steel-cut oats and fruit; Seasonal varieties, including watermelon and pink grapefruit; Chobani Indulgent, a dessert yogurt; and a 4%-fat plain Greek yogurt.[31] Chobani introduced its products in Mexico in August 2016.[32]
In 2017, Chobani surpassed Yoplait as the No. 2 manufacturer in overall yogurt.[33] The company also announced a $20 million expansion of the Twin Falls plant, with a 70,000 square-foot facility and a new global research and development center.[34] When Chobani was launched, Greek yogurt made up less than 1% of the yogurt market in the U.S. As of 2017, Greek yogurt accounted for 50% of U.S. yogurt sales.[35]
In September 2022, Chobani withdrew its plans for an initial public offering of more than $10 billion citing current market conditions. It had filed to go public in July 2021.[36][37]
On October 16, 2025, Chobani announced it had secured $0.65B in equity capital to expand production at its facilities in New York and Idaho, valuing the company at about $20B. The New York Times reported that Chobani expects $3.8B in net sales in 2025, a 28% increase from the previous year. The funds will finance a 50% production increase at its Idaho plant and upgrades to its $1.2B upstate New York facility.[38][39]