Private equity firm L Catterton has agreed to acquire a majority stake in US cottage cheese brand Good Culture in a deal valuing the business at more than $500m, according to a report by Reuters.
Good Culture’s sales have nearly quadrupled over the past three years, driven by renewed consumer demand for cottage cheese, with the category growing close to 60% over the same period. The Austin, Texas-based company also produces sour cream and cream cheese.
L Catterton said it plans to support Good C...
Continue Reading
Sign up for FREE to read the full article and access 131K+ alternative investment headlines.
Alternative Investment News