Greek-yogurt maker Chobani announced on Friday that it has acquired ready-to-drink coffee maker La Colombe for a staggering $900 million. The move is aimed at expanding Chobani's presence in the beverage industry.

The acquisition of Philadelphia-based La Colombe was made possible through a combination of a newly issued $550 million term loan, cash on hand, and in exchange for Keurig Dr Pepper's minority equity stake in the coffee brewer. This strategic move positions Chobani to capitalize on the growing demand for coffee beverages.

Last year, Chobani had to withdraw its plans for an initial public offering (IPO) in the United States, following a delay in its listing plans. Nevertheless, the company has been actively expanding its product offerings, including the introduction of coffee creamers.

Both Chobani and La Colombe have emphasized that the latter will continue to operate as an independent brand. This decision ensures that the unique identity and quality associated with La Colombe's coffee will be preserved, even under Chobani's ownership.

The acquisition of La Colombe aligns with Chobani's long-term growth strategy of diversifying its product categories and expanding its market reach. By entering the ready-to-drink coffee market, Chobani aims to tap into the lucrative coffee industry, which has shown consistent growth and strong consumer demand.

Chobani's expansion into the beverage sector comes as no surprise, given the company's ambition to become a leading player in the overall food and beverage market. With this latest acquisition, Chobani solidifies its position as a prominent player in the industry, ready to compete with established coffee brands.

The deal is expected to be completed soon, subject to regulatory approvals. After closing, Chobani will leverage its expertise and resources to support La Colombe's growth and help it reach new horizons in the coffee market.

As Chobani continues to explore new opportunities for expansion, industry experts are eagerly watching to see what the company's next move will be. With its strong brand presence and commitment to quality, Chobani is well-positioned to make further strategic acquisitions and enter new product categories in the future.

In conclusion, Chobani's acquisition of La Colombe marks a significant milestone for the Greek-yogurt maker as it ventures into the ready-to-drink coffee market. This move not only expands Chobani's beverage business but also demonstrates the company's determination to evolve and meet the diverse needs and preferences of consumers.

Note: The article is generated based on the provided information while incorporating general knowledge of the companies and the market.