BBX Sweet Holdings, a subsidiary of Fort Lauderdale-based BBX Capital Corp., announced this week that it has acquired Droga Chocolates of Los Angeles. Michelle Crochet, founder of Droga, will continue as president of Droga Chocolates. Terms of the deal were not released.
BBX Sweet Holdings invests in and acquires manufacturers, wholesalers, and retailers of chocolate and confectionary products, including Hoffman’s Chocolates of Palm Beach County, Anastasia Confections, Helen Grace Chocolates, Jer’s Chocolates, Kencraft, The Toffee Box and Williams & Bennett.
“As we focus on continuing to extend our reach into the confections industry, the acquisition of Droga is a great strategic fit for our portfolio and expands our growing number of product offerings in the confectionary and indulgent snack category,” said Jarett Levan, president of BBX Capital and CEO of BBX Sweet Holdings.
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