Advertisement. Advertise with us

CHOBANI SET

TO GO PUBLIC

Stock Offering Might

Raise Up To $10 Billion

Hamdi Ulukaya in 2010 during a major expansion of the former West Edmeston milk plan he bought in 2005. (AllOTSEGO.com file photo)

WEST EDMESTON – Chobani LLC, which over 16 years grew from five employees in a former milk plant in West Edmeston to a multi-national vendor of Greek yogurt, is preparing for a public listing of its shares, the Wall Street Journal is reporting.

Chobani is eyeing an initial public offering later this year that it hopes could value the Norwich, company at as much as $7 billion to $10 billion, according to the Journal.

The 16-year-old company, founded by Hamdi Ulukaya, a former Cooperstown resident, has been expanding into refrigerated coffees, creamer, oat milk and other fast-growing sectors, and an infusion of cash from an IPO could give that effort a boost, the newspaper said.

Posted

Leave a Reply

Your email address will not be published.

Related Articles

SCOLINOS: It’s All We Need To Know: Home Plate 17 Inches Wide

COLUMN VIEW FROM THE GAME It’s All We Need To Know: Home Plate 17 Inches Wide Editor’s Note:  Tim Mead, incoming Baseball Hall of Fame president, cited John Scolinos, baseball coach at his alma mater, Cal Poly Pomona, as a lifelong inspiration, particularly Scolinos’ famous speech “17 Inches.” Chris Sperry, who published sperrybaseballlife.com, heard Scolinos deliver a version in 1996 at the American Baseball Coaches Association in Nashville, and wrote this reminiscence in 1916 in his “Baseball Thoughts” column. By CHRIS SPERRY • from www.sperrybaseballlife.com In 1996, Coach Scolinos was 78 years old and five years retired from a college coaching…

Sports Can Resume, Superintendents Told

CLICK HERE FOR MEMO TO SCHOOLS Sports Can Resume, Superintendents Told COOPERSTOWN – In a memo released Friday evening, county Public Health Director Heidi Bond advised local school superintendents that sports can resume as early as Monday. “Effective Feb. 1, participants in higher-risk sports may participate in individual or distanced group training and organized no/low-contact group training,” Bond wrote, “…including competitions and tournaments, if permitted by local health authorities.”…

Piper Seamon Scores 1,000th point

1,000 THANKS! Piper Seamon 5th CCS Girl To Hit High Mark The Cooperstown Central student section erupts as Piper Seamon scores her 1,000th career point in the Hawkeyes’ 57-39 win over Waterville at home last evening. Seamon becomes the fifth girl and only the 14th player in school history overall to score 1,000 points.  Inset at right, Pipershares a hug with teammate Meagan Schuermann after the game was stopped to acknowledge her achievement. Seamon will play basketball next year at Hamilton College. (Cheryl Clough/AllOTSEGO.com)  …