Private equity firm L Catterton has agreed to acquire a majority stake in US-based dairy brand Good Culture in a deal valued at more than $500 million, marking one of the largest transactions in the fast-growing cultured dairy segment.
The acquisition comes as cottage cheese, once a niche product, has staged a strong comeback in the US food market. Good Culture’s sales have grown nearly fourfold over the past three years, outpacing broader dairy growth. Over the same period, the cottage cheese category expanded by almost 60 percent, supported by rising consumer interest in high-protein, minimally processed foods.
Founded in Austin, Texas, Good Culture has built its reputation around clean-label dairy products and a modern brand identity that appeals to health-conscious consumers. While best known for cottage cheese, the company has also expanded into adjacent categories such as sour cream and cream cheese. The brand is widely distributed across major grocery chains in the US and has gained traction through consistent product innovation and marketing.
As part of the transaction, existing investor Manna Tree will reinvest in the business, signalling continued confidence in the brand’s growth trajectory. L Catterton will provide capital and strategic support to accelerate Good Culture’s next phase of expansion. This will include increasing manufacturing capacity, strengthening national distribution and developing new products to deepen its presence in the cultured dairy aisle.
Andrew Taub, managing partner of L Catterton’s Flagship Fund, said Good Culture has helped reinvent cottage cheese, turning it into a mainstream and versatile food choice after years of limited consumer interest. He added that the firm sees significant headroom for growth as eating habits continue to shift toward protein-rich and functional foods.
The transaction is subject to regulatory approvals and is expected to close in the first quarter of 2026. Backed by luxury group LVMH, L Catterton manages about $37 billion in assets and invests globally in consumer-focused businesses. Its portfolio includes brands across food, wellness and fitness, reflecting its strategy of backing companies aligned with changing consumer preferences.
