More importantly, Burns and TPG helped clean up Chobani's operational mess, returning its profit margins to the black.
It's making a comeback through a major donation from the New York-based Greek yogurt company Chobani.
Chobani: One might have thought there was no room left in the yogurt aisle for another Greek-style product.
In an interview, the 40-year-old Mr. Ulukaya discusses some of the challenges he has faced with Chobani's fast growth.
WSJ: Chobani Spawned the Greek-Yogurt Craze, Starting With One Small New York Factory
Throw in stiffening competition and higher costs, and by late April of 2014 Chobani was days away from running out of money.
In March Chobani was cited by the Labor Department for alleged safety and health violations at its New York State plant.
WSJ: Chobani Spawned the Greek-Yogurt Craze, Starting With One Small New York Factory
Chobani is about to open a huge factory in Idaho, as is Mandekas a Corinth Greece based company, according to Costas Mastoras.
FORBES: Will Regulations Kill A Vibrant New York State Industry?
Hamdi Ulukaya, who is new to the Forbes Billionaires list, is the founder, president and CEO of Chobani Inc, formerly Agro Farma, the maker of Chobani Greek yogurt.
Hamdi Ulukaya founded Chobani, America's most popular Greek yogurt.
The pioneer in the Greek yogurt market was Fage, behind them came Chobani who rode a cultural movement for health to build a massive brand, and passionate consumers (fans) in record time.
The name of the company is Chobani.
FORBES: How Greek Yogurt Captured the American Market: The other Half of the CNBC Story
Its other branding touch points, from its extra-large cup and fresh, shiny packaging, to the inventive flavors like pomegranate and pineapple, to its line extensions like Chobani Champions for kids and Chobani Bites, small 100-calorie cups perfect for a quick, delicious snack, are consistent with its promise.
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