FORT LAUDERDALE, FLA. — BBX Sweet Holdings, a wholly-owned subsidiary of BBX Capital Corp., has acquired the assets of Kencraft, Inc., an American Fork, Utah-based maker of hard candies. Kencraft operates a 50,000-square-foot production facility in American Fork, near Salt Lake City, that makes such products as Lollipops, LolliKits, LolliLetters, Candy Sticks, Candy Canes, Bubblegum Buddies, Royal Icing Decorations and Panoramic Sugar Easter Eggs.
“We are extremely excited to announce our most recent acquisition of Kencraft Candy,” said Jarett Levan, president of BBX Capital and chief executive officer of BBX Sweet Holdings. “As we focus on continuing to extend our reach into the confections industry, the acquisition of Kencraft Candy is a great strategic fit and expands our unique and growing number of product offerings in the confectionery category. Today’s acquisition of Kencraft Candy provides us with the ability to deliver more product choices to our customers and consumers.”
Justin Boyle will continue his role as president of Kencraft Candy.
“Combining our manufacturing capabilities and facility with BBX Sweet Holdings’ sales and distribution network will position Kencraft Candy for the future,” Mr. Boyle said. “I am very excited to be a part of the BBX Sweet Holdings family and excited about the opportunities and resources that BBX Capital brings to Kencraft Candy.”BBX Sweet Holdings invests in and acquires manufacturers, wholesalers and retailers of chocolate and confectionery products. BBX Sweet Holdings has expanded to include seven nationally recognized brands, including Anastasia Confections, Helen Grace Chocolates, Hoffman’s Chocolates, Jer’s Chocolates, Kencraft Candy, The Toffee Box, and Williams & Bennett.