Key Takeaways:
- L Catterton is acquiring a majority stake in Good Culture, a cottage cheese manufacturer, in a deal valued at over $500 million.
- Good Culture plans to use the investment to expand production capacity, meet growing demand, and introduce new products like sour cream and cream cheese.
- The surge in consumer interest in protein-rich foods has driven a 20% increase in cottage cheese sales in the U.S., positioning Good Culture for continued growth.
Insights:
Good Culture’s decision to partner with L Catterton reflects its rapid growth in recent years, with sales quadrupling and the cottage cheese market expanding by 60%.
CEO Jesse Merrill is optimistic about the collaboration, stating, “We’re thrilled to work with L Catterton to expand our reach and uphold our commitment to quality and innovation.”
L Catterton’s expertise in consumer brands, demonstrated by its success with Kodiak, makes it a strategic fit for Good Culture as both companies capitalize on the protein trend.