Cerealto has taken a majority stake in fellow co-manufacturer Fresca Foods, marking the Spanish group’s expansion into the US market. Investor-backed Cerealto said the transaction will boost both companies’ “capabilities in high-growth snacking segments”. Colorado-based Fresca Foods’ management will continue to manage the business, which will retain a “significant shareholding”, according to a statement where the financial details were not disclosed. Upon completion of the deal, North America will repre ...