Chobani CEO says pulling IPO was one of the best decisions company has made

still considers the company a startup, he said it has built up a strong business and already has the capabilities, infrastructure and reach to successfully compete against other major players in the field. To set itself apart from competitors, Chobani has significantly invested in its infrastructure and plants in order to create all products in-house and oversee its entire production.

Chobani is one of the few examples of a startup that has been able to "stay independent and build infrastructure to change the way that food is made in this country," Ulukaya said. Ulukaya said he has the ambition to take the company to the next level. He noted that the only reason that it would go public is "to feel the growth of the company in a different dimension."

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