Class VI Partners (“Class VI”) is pleased to announce the acquisition of Fresca Foods (“Fresca” or the “Company”) by Cerealto Global (“Cerealto”). The partnership will enable Fresca to maintain, and bolster, its position as a premium contract manufacturer of better-for-you snacks. Cerealto will have a controlling stake in the partnership, while the Fresca leadership team will retain a significant shareholding and continue to lead and manage the day-to-day U.S. operations.
“It’s been a privilege to work with Todd, Brandon, and the entire Fresca team over the years,” said Cameron McCaslin of Class VI. “The Fresca story is one of entrepreneurial vision, operational excellence, and thoughtful commercial execution. Watching the team successfully navigate an evolving snack landscape while upholding exceptional manufacturing standards and an impeccable food safety record has been remarkable. We’re grateful for the partnership and proud to call the Fresca team not just business partners, but friends.”
“The team at Class VI was absolutely instrumental in securing this amazing partnership with Cerealto,” said Brandon Viar, CEO of Fresca. “They not only provided outstanding guidance throughout the winding journey, but they also took a ton of the workload off our team, allowing us to make this partnership a reality while continuing to operate the business. We cannot imagine going through this without their support. Fresca’s positive outcome is a testament to their experience and diligence.”
“I am beyond grateful for the job that Class VI did for Fresca Foods. Their technical skills and deal smarts matched their professionalism,” said Todd Dutkin, Chairman at Fresca. “At every step of the way, I felt they had my back, and even more importantly, that they were true co-creators of the outcome. Their steady presence, insightful guidance, and constant collaboration were essential. We would not have achieved this success without them. On top of that, they are wonderful people to work with and somehow made the process enjoyable, even when it wasn’t.”
Founded and headquartered in Colorado, Fresca has built a reputation over 20 years as a trusted expert and multi-platform natural and organic co-manufacturer of snacks and baked goods. Fresca combines operational excellence, outstanding service, and delicious products to help its customers accelerate their growth and be strongly differentiated in their categories. Fresca has experienced tremendous growth in recent years, with more than 400 employees across four Denver- and Boulder-area facilities. Fresca’s customer base includes a range of major U.S. and global natural and organic snack brands.
Cerealto is the leading third-party manufacturer of biscuits, cereals, and snacking bars in Europe, the UK, and Mexico. With 3,200 employees across 10 manufacturing sites in four countries, it focuses on private label manufacturing for major retailers and co-manufacturing for leading global brand owners.
The transaction closed on October 31, 2025. Brownstein Hyatt Farber Schreck served as legal counsel to Fresca, while Duane Morris served as legal counsel to Cerealto.
For more information about the transaction, please contact Cameron McCaslin at (303) 243-5610 or cmccaslin@classvipartners.com and Rex Helm at (720) 617-3215 or rhelm@classvipartners.com.
About Class VI Partners
Class VI provides middle-market investment banking services, including mergers and acquisitions advisory, corporate advisory, business valuation, and private capital raising services through its affiliate, Class VI Securities, LLC and Member FINRA. Class VI is also affiliated with and offers wealth management services through Class VI Family Office, LLC, a Registered Investment Advisor with the Securities & Exchange Commission.
Brandon Viar, CEO of Fresca, and Todd Dutkin, Chairman at Fresca, are clients of Class VI Partners and are not being compensated for sharing their opinion and experience with the firm. Any compensation creates a conflict of interest. Comments by Brandon Viar and Todd Dutkin may not be representative of any other person’s experience with the firm and are no guarantee of future performance or success.
Additional Disclosures
Investment advisory services offered through Class VI Partners’ affiliate Class VI Family Office, LLC, a Registered Investment Adviser with the U.S Securities and Exchange Commission. Class VI Partners offers investment banking and private securities transactions through its affiliate, Class VI Securities, LLC. Class VI Securities, LLC is a registered broker/dealer and member of the Financial Industry Regulatory Authority (FINRA). Class VI Pathfinder, LLC provides general business consulting to privately held businesses. Collectively these entities are referred to herein as “Class VI”.
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