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Tuesday, May 22, 2012

Entrepreneur Award Goes to Turkish-American Yogurt Maker | IIP Digital

Entrepreneur Award Goes to Turkish-American Yogurt Maker
By Mark Trainer | Staff Writer | 21 May 2012
Hamdi Ulukaya with yogurt cups (AP)

Chobani's Hamdi Ulukaya stands inside the Chobani Greek Yogurt testing lab.

Washington — There would have been many good reasons for Hamdi Ulukaya, a Turkish immigrant to the United States, to pass up the opportunity to buy a rundown yogurt plant he toured in New Berlin, New York, in 2005. He was four years into a startup business that provided feta cheese to the food service industry, the equipment in the enormous space was outdated, and an acquisition of this size was not in his business plan.

More:Entrepreneur Award Goes to Turkish-American Yogurt Maker | IIP Digital