GREENWICH, Conn., December 12, 2018-- L Catterton, the largest and most global consumer-focused private equity firm in the world, today announced that it has entered into a definitive agreement to acquire Cholula, a leading producer and distributor of hot sauce. Terms of the transaction were not disclosed. This investment represents a collaboration between L Catterton's Flagship Buyout Fund and L Catterton Latin America, and speaks to the strength and interconnectedness of L Catterton's global franchise.