After expanding to mainstream retailers like Walmart and Whole Foods, Bellvue’s Noosa Yoghurt may be looking for a buyer, according to a report in the New York Post.
The paper cited two unnamed sources that Noosa’s private equity owner Advent International may have tapped Deutsche Bank to sell the company. Noosa, which had $170 million in sales last year, is seeking $600 million, according to the paper.
Reached Thursday, Noosa spokesman Rich Goldblatt declined to comment “on market speculation or rumors.”
Earlier in the day, Gov. John Hickenlooper gave a shout out to the local whole-milk yogurt producer during his State of the State address.
“Seven years ago, Robert Graves, a fourth-generation dairy farmer in Bellvue, Colorado, started making an Australian style yogurt…which you can now buy in all fifty states,” said Hickenlooper, in highlighting some of the state’s top entrepreneurs in rural communities. “Noosa yogurt is in all 50 states and has annual revenues of over two-hundred million dollars.”
