Louisville’s Fresca Foods announced it had taken a 10 percent equity stake in Denver cracker brand 34 Degrees. It’s the third such buy for Fresca, which gets the bulk of its business by providing manufacturing and other services for food brands.
In 2015, it bought California organic snack brand Wonderfully Raw, since renamed Sejoyia. Earlier this year, it acquired Denver-based Open Road Snacks, a maker of popcorn and chips.
But Fresca isn’t on a buying spree, insists CEO Todd Dutkin. It merely recognized three great opportunities and took them, he said — “a right place, right time” kind of thing.
There’s no denying Fresca is growing, adding 100 employees and more than 100,000 square feet of facilities space in the two years since bringing on Sejoyia. We sat down with Dutkin and 34 Degrees founder/president Craig Lieberman to learn more about the two businesses and their habits of serendipitous growth:
Read the interview at DailyCamera.com.