BBX Capital Acquires The Toffee Box
Oct 8, 2014
FORT LAUDERDALE, FL--(Marketwired - October 08, 2014) - BBX Sweet Holdings, a wholly-owned subsidiary of BBX Capital Corporation ("BBX Capital") (
: BBX ), announced today that it has acquired the assets of The Toffee Box, LLC. Headquartered in Carlsbad near San Diego, California, The Toffee Box, with its award-winning handcrafted toffee, uses all natural ingredients with no added preservatives. Its product line offers five varieties of toffee, including Dark Chocolate Almond, Mocha Hazelnut, Milk Chocolate Pecan, White Chocolate Macadamia Nut and individually wrapped Toffee Squares. Its products are sold though various distribution channels including mainstream grocery chains, mass merchandisers, gift shops, online and at specialty retailers across the U.S. The Toffee Box has been featured on the Martha Stewart Show and the Rachael Ray Show. "We are extremely pleased to announce our most recent acquisition of The Toffee Box," said Jarett Levan, president of BBX Capital. "The Toffee Box, which started making toffee from a secret family recipe, has become a premier toffee confections company and we are excited about the opportunity for growth in new products, distribution channels and geographies. "
"I am delighted for The Toffee Box to be part of the BBX Sweet Holdings family and excited about the resources and experience BBX Capital will provide to help build the brand," said Heather Mubarak, founder of The Toffee Box. For further information about The Toffee Box or to place an order, please visit www.thetoffeebox.com . About BBX Capital Corporation:
BBX Capital, a New York Stock Exchange listed company (
: BBX ), is involved in the acquisition, ownership and management of, and joint ventures and investments in real estate and real estate development projects as well as investments and management of middle market operating businesses, including five confection companies acquired in the last year. In addition, BBX Capital and its holding company, BFC Financial Corporation, have a 46% and 54% indirect ownership interest in Bluegreen Corporation. Bluegreen manages, markets and sells the Bluegreen Vacation Club, a flexible, points-based, deeded vacation ownership plan with more than 180,000 owners, over 60 owned or managed resorts, and access to more than 4,000 resorts worldwide. As of June 30, 2014, BBX Capital had total consolidated assets of $399.3 million, shareholders' equity attributable to BBX Capital of approximately $312.7 million, and total consolidated equity of approximately $314.1 million. BBX Capital's book value per share at June 30, 2014 was $19.54. For further information, please visit our family of companies: