US confectioner BBX Sweet Holdings has snapped up peanut butter-based candy maker Jer’s Chocolates.
BBX Sweet Holdings is an arm of real estate investor BBX Capital, which moved into the confectionery sector last year with the acquisition of US firm Hoffman’s Chocolates.
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In the wake of the Hoffman’s deal, BBX Capital formed BBX Sweet Holdings and in January the business made another acquisition in confectionery with a deal for Williams & Bennett in January this year.
“We believe Jer’s Chocolates is an ideal fit to our platform and we welcome CEO Jerry Swain and the Jer’s brand to our family of BBX Capital companies,” said BBX Capital president Jarett Levan said.
Jer’s is renowned for its peanut butter chocolate products. It recently expanded its line to include some all-natural non-peanut butter chocolate forms.
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By GlobalData
