Keurig Dr Pepper to sell back Chobani stake, manufacturing site for $925 million

• Chobani said it would invest about $1.2 billion over the next five years in the facility, as it seeks to create milk with more protein and less sugar than traditional milk.
• Last month, Keurig Dr Pepper maintained its annual forecasts after strong demand for its soda and energy drink brands helped it beat second-quarter sales and profit estimates.

Sept. 1 (Reuters) - Keurig Dr Pepper KDP.O said on Tuesday it would sell its stake in Chobani back to the yogurt maker along with a manufacturing facility for $925 million, as the beverage company reshapes its business following its acquisition of JDE Peet's.

Here are some details:

• Keurig will sell its entire equity stake in Chobani for $800 million, and a manufacturing facility and warehouse in Allentown, Pennsylvania, for $125 million.
• The company has been reshaping its portfolio since its $18 billion acquisition of Dutch coffee and tea maker JDE Peet's in April.
• It is also preparing to separate its coffee and beverage operations into two publicly traded U.S. companies.