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The non-ultra-processed certification seal would be applied in 2029 if approved by Governor Gavin Newsom.
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The new structure would create three business areas – Branded Foods, Customer Brands and Coffee.
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Zug-based Invision will hold a majority stake in Kadi, while management will retain a minority holding.
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The partnership has been inked with Riverking (Shanghai) Agricultural Technology Development Co. through Del Monte’s Hong Kong subsidiary.
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The Dr Pepper and Keurig owner said Chobani will repurchase its entire equity stake for $800m.
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The company said there were “no injuries” as it assesses the “full extent” of the damage.
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The cooperative explained the closure is due to “changing dairy market dynamics”.
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Unite, which represents approximately 130 employees at the facility, said the all-out strike would start tomorrow at 06.30am.
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