Chobani Inc, the private firm behind the top-selling Greek-style yogurt in the United States, does not want to sell itself to a large company, but it has not ruled out an eventual public offering, or new yogurts with herb flavors.
Just before the opening of its third plant, Chief Executive Hamdi Ulukaya said he wants to stay independent, so the five-year-old company can "do what we love to do". But an IPO is not out of the question.
"We have not spent so much time on that one, but who knows what happens in three or four years when it comes to going public," Ulukaya told Reuters last Thursday at his office in the trendy SoHo neighborhood of New York. The loft-like space was home to couches, pillows, artwork and his two large German Shepherds.
Ulukaya grew up working in his family's dairy business in Erzincan, Turkey. He moved to the United States after college, bought a yogurt plant in upstate New York, and a few years later his Chobani brand became a U.S. top-seller.
To read the rest of the story, please go to: Reuters