L Catterton acquired hot sauce manufacturer Cholula.

L Catterton, a consumer-focused private equity firm, acquired Cholula, a leading producer and distributor of hot sauce. Terms of the transaction were not disclosed. “We are pleased to have completed our acquisition of Cholula, an iconic brand within the attractive and growing hot sauce category,” said Matt Leeds, Principal in L Catterton’s flagship Buyout Fund. “We look forward to supporting Cholula’s continued expansion in the years to come, and we are excited to welcome such a beloved brand into the L Catterton family.”