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BBX Capital Corp. Acquires Solana Beach-Based Jer’s Chocolates

Solana Beach-headquartered candy maker Jer’s Chocolates has been acquired by BBX Sweet Holdings, a wholly owned subsidiary of Florida-based BBX Capital Corp.

A spokeswoman for BBX Capital Corp. (NYSE: BBX) said financial terms were not being disclosed.

The privately held Jer’s Chocolates is led by founder and CEO Jerry Swain, who last year expanded to a location at San Diego International Airport, after several years selling through a small store and online operations based in Solana Beach.

“I am delighted to be part of the BBX Sweet Holdings family and excited about the opportunities and resources that BBX Capital brings to Jer’s Chocolates,” Swain said in a statement released by BBX Capital.

BBX Capital President Jarett Levan said Jer’s Chocolates is “an ideal fit our platform.”BBX Sweet Holdings previously acquired Hoffman’s Chocolates in 2013 and Williams & Bennett earlier this year.

Jer’s is known for items including its gourmet peanut butter chocolate confections, sold in the company’s patented “Double Grin” shaped chocolate boxes. The company recently added all natural peanut butter items to its offerings.

The company’s items are sold internationally online and through other channels, and its products have won awards at industry events including the New York Chocolate Show and Retail Confectioners International Annual Convention.

Based in Fort Lauderdale, BBX Capital Corp. is also involved in real estate investment and development, and also holds stakes in vacation-ownership resort operator Bluegreen.

Formerly known as BankAtlantic Bancorp, BBX Capital had total consolidated assets of $416.9 million as of March 31.

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