L Catterton invests in Good Culture

USA – L Catterton, a private equity company, has made a majority investment in Good Culture, Austin, Texas, and a manufacturer of cultured dairy products like cottage cheese, sour cream and cream cheese.

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.

Andrew Taub, a managing partner of L Catterton’s Flagship Fund, stated that Good Culture had established an extraordinary niche in cultured dairy by revitalizing a once-dormant category and turning cottage cheese into one of the most exciting and versatile food items.

He added that the brand’s authenticity, product quality, and strong consumer appeal provided a compelling opportunity to expand the business while maintaining the qualities that made Good Culture distinctive.

Arla Foods invests US$69.63M to expand its cream cheese capacity in Holstebro Dairy  

Recently, Arla Foods announced a new investment of 59.4 million EUR (US$69.63 million) to expand cream cheese capacity at Holstebro Dairy in Denmark, to address global growth in cream cheese demand.

The investment will be carried out in the Holstebro Dairy, Denmark, where Arla Foods already has a huge production of butter, spreadable and cream cheese with around 155.000 tonnes of butter/spread per year and 119.000 tonnes cream cheese per year.

David Boulanger, Executive Vice President & Chief Supply Chain Officer at Arla Foods, said, “We have very strong positions in many markets in the cream cheese category, thanks to naturality and the uniqueness of our cream cheese products. As a result, we experience significant demand acceleration in this category in the various markets we operate.”

According to the company, the investment will unlock an additional 16,000 tonnes of cream cheese production capacity per year, to be sold worldwide. 

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