GREENWICH, CONN. — The private equity company L Catterton has made a majority investment in Good Culture, Austin, Texas, a manufacturer of cultured dairy products like cottage cheese, sour cream and cream cheese. Terms of the investment were not disclosed.
The investment will allow Good Culture to increase production and accelerate its growth, according to the company.
“Today marks a monumental moment for Good Culture as we embark on this next phase of growth with L Catterton,” said Jesse Merrill, co-founder and chief executive officer of Good Culture. “In 2014, I realized there was massive whitespace in a stale category that was lacking innovation. Our mission with Good Culture was to modernize cottage cheese with real, simple ingredients, and redefine it as a versatile and craveable high-protein food.”
Founded in 1989, L Catterton is an investor of consumer brands. The private equity firm currently has approximately $37 billion in assets under management. Other food businesses the company has invested in include Kettle Cuisine and Kodiak.
“Good Culture has built an extraordinary niche in cultured dairy, transforming a once-dormant corner and making cottage cheese into one of the most exciting and versatile items in food,” said Andrew Taub, a managing partner of L Catterton’s Flagship Fund. “The brand’s authenticity, product quality, and strong consumer resonance create a compelling opportunity to scale the business further, while preserving what makes Good Culture distinctive.”
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