SOURCE: BBX Capital Corporation

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October 02, 2014 08:30 ET

BBX Capital Acquires Florida's Anastasia Confections

FORT LAUDERDALE, FL--(Marketwired - October 02, 2014) - 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 visit www.anastasiaconfections.com.

About BBX Capital Corporation:
BBX Capital, a New York Stock Exchange listed company (NYSE: BBX), is involved in the acquisition, ownership and management of, and joint ventures and investments in real estate and real estate development projects as well as investments and management of middle market operating businesses, including four confection companies acquired in the last year. In addition, BBX Capital and its holding company, BFC Financial Corporation, have a 46% and 54% indirect ownership interest in Bluegreen Corporation. Bluegreen manages, markets and sells the Bluegreen Vacation Club, a flexible, points-based, deeded vacation ownership plan with more than 180,000 owners, over 60 owned or managed resorts, and access to more than 4,000 resorts worldwide.

As of June 30, 2014, BBX Capital had total consolidated assets of $399.3 million, shareholders' equity attributable to BBX Capital of approximately $312.7 million, and total consolidated equity of approximately $314.1 million. BBX Capital's book value per share at June 30, 2014 was $19.54.

For further information, please visit our family of companies:
BBX Capital: www.BBXCapital.com
Bluegreen Corp.: www.BluegreenVacations.com
Renin Corp.: www.ReninCorp.com
BBX Sweet Holdings: Hoffman's Chocolates: www.Hoffmans.com, Williams & Bennett:
www.WilliamsandBennett.com, Jer's Chocolates: www.Jers.com and Helen Grace Chocolates: www.HelenGrace.com
RoboVault: www.RoboVault.com
BFC Financial Corporation: www.BFCFinancial.com

About BFC Financial Corporation :
BFC (OTCQB: BFCF) is a holding company whose principal holdings include a 52% ownership interest in BBX Capital Corporation (NYSE: BBX) and a 54% indirect ownership interest in Bluegreen Corporation. As of June 30, 2014, BFC had total consolidated assets of approximately $1.4 billion, shareholders' equity attributable to BFC of approximately $252.5 million, and total consolidated equity of approximately $445.6 million. For more information, visit www.BFCFinancial.com.

This press release contains forward-looking statements based on current expectations that involve a number of risks and uncertainties. All opinions, forecasts, projections, future plans or other statements, other than statements of historical fact, are forward-looking statements. The forward looking statements in this press release are also forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and involve substantial risks and uncertainties. We can give no assurance that such expectations will prove to have been correct. Actual results could differ materially as a result of a variety of risks and uncertainties, many of which are outside of the control of management. These risks and uncertainties include the impact of economic, competitive and other factors affecting BBX Capital and its operations, markets, products and services, as well as others including but not limited to: that the Company may not realize the anticipated benefits or generate profits from its investments and/or acquisition transactions; the risk that the integration of Anastasia Confections may not be completed on a timely basis, or as anticipated; that Anastasia Confections products may not be well accepted or receive recognition or awards in the future; or that the Anastasia Confections acquisition may not be advantageous to BBX Capital. In addition to the risks and factors identified above, reference is also made to the risks and uncertainties detailed in reports filed by BBX Capital with the SEC, including the "Risk Factors" sections thereof, which may be viewed on the SEC's website at www.sec.gov. The Company cautions that the foregoing factors are not exclusive.

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