UPDATE: US: Chobani hits Latin America, eyes Caribbean
US yoghurt producer Chobani said today (16 April) it had started exporting to the Central American state of Panama - and is eyeing markets in the Caribbean.
Chobani, one of the leading suppliers of Greek-style yoghurt in the US, has added Latin America to the list of regions in which it is doing business.
Founded in the US in 2005, Chobani entered Australia and Canada in 2011. A year later, it entered the UK. The company has endured a rocky start to life in the UK, with a court battle over the use of the term 'Greek yoghurt' in the country.
Last week, Chobani's Australian arm confirmed it had started shipping to Singapore. This afternoon, the group said it had also entered Malaysia.
"Asia and Latin America have untold possibility for Chobani," president and COO David Denholm said. "We've had tremendous success in the United States and Australia and we'll be using our manufacturing hubs to expand our global presence."
Chobani is exporting "multiple flavours and formats" into Latin America. It said its products have been available in Panama "for the last few weeks" and will "soon" be available throughout the Caribbean.
In Asia, Chobani is selling single-serve plain and flavoured cups, as well as multi-serve plain lines.
Last month, it was reported private-equity group TPG Capital was in "advanced talks" to buy a stake in Chobani.
The yoghurt maker was reported to have approached private-equity firms and trade buyers to gauge whether there was interest in buying a minority stake in the business.
The report provides a review of the latest news and key events in the global dairy food market during December 2013. Summary Using this report, marketers will effectively gain an insight into the lat...
Synopsis Using this report, marketers will effectively gain an insight into the latest happenings in the global dairy food market throughout the month. The monthly report provides the reader with the...
The Greek yoghurt trend continues to sweep the US, helping yoghurt packaging to grow by 4% in 2012. No longer is Greek yoghurt a niche product found only in healthfood stores, it is now a mainstream p...
Synopsis The report provides a review of the latest news and key events in the global dairy food market during March 2014. Summary Using this report, marketers will effectively gain an insight into t...
- On the move: What's in store from Tesco's new CEO?
- On the money: Can Premier build H2 sales momentum?
- Focus: Lindt plays safe with Russell Stover buy
- Interview: Bell hits out at German cartel ruling
- Focus: Progress but Campbell faces questions
- UPDATE: Premier establishes international unit
- Campbell issues warning on 2014/15 fiscal year
- S&A Foods announces restructure, 55 jobs to go
- Universal Robina to buy biscuit firm Griffin's
- Premier launches Oxo pots range in UK