This story was originally published on Food Dive. To receive daily news and insights, subscribe to our free daily Food Dive newsletter. As other food giants grapple with a sharp decline in sales, Chobani is posting robust growth across its business as consumers flock to its creamers, coffees and protein-packed Greek yogurt. Since Chobani’s founding 20 years ago, the company has prioritized food and beverage products that are nutritious and low-sugar but still tasty and accessible to consumers who want them ...

Core Insights - Chobani raised $650 million from industry thought leaders to invest in production growth and innovation [1][3] - The company plans to expand its operations in Twin Falls, Idaho, and build a $1.2 billion manufacturing plant in Rome, New York, marking its largest facility investment to date [2] - Chobani's valuation reached $20 billion following the funding round, with projected sales of $3.8 billion for the year, reflecting a 28% increase from the previous year [4] Company Developments - The capital raise is seen as a significant milestone, indicating strong confidence in Chobani's vision of providing good food for all [3] - Chobani has diversified its product portfolio beyond yogurt, including the development of oat milk and creamers, and acquiring La Colombe for $900 million in 2023 [4] - The acquisition of Daily Harvest earlier this year further expanded Chobani's offerings into ready-to-make meals, aligning with its strategy to become a more comprehensive food company [5]