BBX Sweet Holdings, a wholly owned subsidiary of Florida-based BBX Capital Corp., has acquired Carlsbad-based candy maker The Toffee Box LLC, for an undisclosed price.
Earlier this year, the same BBX entity acquired Jer’s Chocolates of Solana Beach, also without revealing financial terms.
Officials said The Toffee Box, founded by Heather Mubarak, sells five varieties of toffee with various combinations of chocolate and nuts. Its products are sold through grocery chains, specialty retailers, mass merchandisers, gift shops and online.
BBX Capital President Jarett Levan said in a statement that the acquisition will give the company “opportunity for growth in new products, distribution channels and geographies.” Mubarak said the arrangement will provide help in building The Toffee Box’s brand.
BBX Sweet Holdings previously acquired Hoffman’s Chocolates in 2013 and candy maker Williams & Bennett earlier this year.
Headquartered in Fort Lauderdale, BBX Capital Corp. (NYSE: BBX) is also involved in real estate investment and development, and holds stakes in vacation-ownership resort operator Bluegreen.
The company, formerly known as BankAtlantic Bancorp, had total consolidated assets of $399.3 million as of June 30.