Chobani, a yogurt manufacturer, has rejected beverage maker PepsiCo’s offer—as well as other investors—for stake in the company. PepsiCo wanted a majority stake, while Chobani was only willing to offer a minority stake, which, consequently caused the deal to fall through.
Other companies that have shown interest in Chobani include Coca-Cola and organic foods producer White Wave Foods. According to Packaged Facts, a division of MarketResearch, Chobani wants to retain its independence.
According to the research company, industry experts predict a decline in Greek yogurt sales in the next few years. Greek yogurt has helped revitalize the U.S. yogurt market. Currently, Greek yogurt accounts for more than half of the industry’s sales.
