BBX adds Florida-based confectioner Anastasia to portfolio

BBX adds Florida-based confectioner Anastasia to portfolio

US investment firm BBX Capital Corp. has continued its acquisition spree with the purchase of Florida-based confectioner Anastasia Confections for an undisclosed sum.

Founded in 1984, Anastasia manufactures gourmet candy, coconut candy, chocolate gift products and premium candy specifically for Florida tourists. It operates an 80,000 square foot production facility in Orlando.

"The success and recognition of Anastasia Confections products in Florida paved the way to its expansion and branding on a national level. Today, several mainstream grocery chains, mass merchandisers, gift shops, theme parks, and other retailers across the US, Canada and the Caribbean carry Anastasia's Coconut Patties and a variety of their other products and product line," Jarett Levan, president of BBX Capital, said.

Mike Constantine, founder and president of Anastasia Confections, added he was "excited to grow the company" with BBX's support.

BBX has been an active acquirer in the US premium confectionery sector. Anastasia is the investment firm's fifth acquisition since the end of last year. Since December 2013, the company has snapped up: Helen Grace Chocolates, Jer's Chocolates, Williams & Bennett and Hoffman's Chocolates. 

Show the press release

BBX Capital Acquires Florida's Anastasia Confections

FORT LAUDERDALE, FL -- (Marketwired) -- 10/02/14 -- BBX Sweet Holdings, a wholly-owned subsidiary of BBX Capital Corporation ("BBX Capital") (NYSE: BBX), announced today that it has acquired Anastasia Confections, Inc. ("Anastasia"), a premium confections company founded in 1984.

Headquartered in a state-of-the-art 80,000 square foot production facility in Orlando, Florida, Anastasia has a long history making and selling candy in Florida. Established in 1984, Anastasia has been committed to the development of innovative gourmet candy, coconut candy, chocolate gift products, and premium candy specifically for Florida tourists. Anastasia's growing line of products includes their world-famous creamy Coconut Patties, a full flavored variety of Coconut Patties, Salt Water Taffy, Chocolate Alligators (Choc-O-Gators), Coco Rhumbies, and Citrus Jelly candies.

"The success and recognition of Anastasia Confections products in Florida paved the way to its expansion and branding on a national level. Today, several mainstream grocery chains, mass merchandisers, gift shops, theme parks, and other retailers across the U.S., Canada and the Caribbean carry Anastasia's Coconut Patties and a variety of their other products and product line," commented Mr. Jarett Levan, President of BBX Capital. "We are very pleased to welcome Anastasia Confections to our growing suite of premiere confection companies at BBX Sweet Holdings."

"My family and I are excited about the opportunities, experience and resources that BBX Capital brings to Anastasia Confections," commented Mike Constantine, Founder and President of Anastasia Confections. "What started as a small kitchen operation has now grown into one of Florida's largest and most distinguished chocolate and specialty candy manufacturers, and we are excited to grow the company."

For further information about Anastasia Confections, to shop or order product, please visitwww.anastasiaconfections.com. 

Original source: BBX Capital Corp