Chobani Raises $650 Million in Equity to Fund Plant Expansion, Construction

Chobani has raised $650 million in equity capital to fund two major growth investments announced earlier this year, according to a release posted by the company.

The capital will be put toward two major capital spending projects: the expansion of the Twin Falls, Idaho, plant; and the construction of a new manufacturing facility in Rome, N.Y. Chobani will also contribute to these projects from its strong operating cash flows, it said.

The Twin Falls expansion was announced in March 2025, and it would add 500,000 sq. ft. at a cost of $500 million. At the time of the project’s announcement, it ranked as the highest investment the company had made to that point. Chobani said in today’s funding release that additional capacity in Twin Falls was expected to come online later this year.

Only a month after announcing the Twin Falls project, Chobani broke ground on a $1.2 billion dairy facility in Rome. This facility will be Chobani’s third U.S. plant, spanning 1.4 million sq. ft. on 150 acres of land that once housed Griffiss Air Force Base. When it was announced, the plant was expected to house up to 28 production lines and manufacture more than 1 billion pounds of product annually.