BBX Capital acquires Droga Chocolates
Move marks BBX’s eighth confectionery acquisition since Jan. 2014.
BBX Sweet Holdings, a wholly-owned subsidiary of BBX Capital Corp., has acquired the assets of Droga Chocolates.
This marks the eighth acquired confectionery company by BBX Sweet Holdings since January 2014. Other acquisitions are nationally recognized brands, including: Anastasia Confections, Helen Grace Chocolates, Hoffman’s Chocolates, Jer’s Chocolates, Kencraft, The Toffee Box, and Williams & Bennett.
“We are extremely excited to announce our most recent acquisition of Droga Chocolates,” says Jarett Levan, President of BBX Capital and CEO of BBX Sweet Holdings. “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.”
Droga Chocolates reimagines classic confections by combining nostalgic flavors with modern twists using premium, natural ingredients. Its award winning chocolate products include Money on Honey, Nutty Puddles, Peanut Butter Bots, Rebel Rocky Road, and Big Bite Brittle.
Headquartered in Los Angeles, Droga’s products are sold through various distribution channels including natural and mainstream grocery chains, gift shops, online venues, and speciality retailers across the United States, Canada, United Kingdom, and Japan.
Michelle Crochet, Founder of Droga, will continue her role as President of Droga Chocolates.
“I founded Droga in 2007 to create and deliver delicious treats that delight by focusing on what matters most – taste, quality and fun,” says Michelle Crochet, founder and president, Droga Chocolates. “I am delighted that Droga will be part of the BBX Sweet Holdings family and excited to have the resources and experience of BBX Capital as we work together to build the brand.”