BBX Sweet Holdings acquires Droga Chocolates
BBX Sweet Holdings, a wholly-owned subsidiary of Fort Lauderdale-based BBX Capital Corp., announced that it has acquired the assets of Droga Chocolates of Los Angeles.
Droga reimagines classic confections by combining nostalgic flavours with modern twists using premium, all natural ingredients. Its award winning chocolate feature among other products, Money on Honey, Nutty Puddles, Peanut Butter Bots, Rebel Rocky Road and Big Bite Brittle. Its products are sold through various distribution channels including natural and mainstream grocery chains, gift shops, online and at specialty retailers across the United States, Canada, United Kingdom and Japan. Michelle Crochet, Founder of Droga, will continue her role as President of Droga Chocolates.
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.