SOURCE: BBX Capital Corporation

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February 03, 2015 08:30 ET

BBX Sweet Holdings Names Rick Harris, Seasoned Food Industry Veteran, as President

FORT LAUDERDALE, FL--(Marketwired - February 03, 2015) - BBX Sweet Holdings, a subsidiary of BBX Capital (NYSE: BBX), is pleased to announce that it has named seasoned consumer products veteran Rick Harris as President of the company. Mr. Harris joins BBX Sweet Holdings having more than 20 years of experience in the food and confections industry. 

"We are pleased to welcome Rick Harris to our organization," commented Jarett Levan, President of BBX Capital and CEO of BBX Sweet Holdings. "Rick's strong leadership, confections industry experience, and record of accomplishment will propel BBX Sweet Holdings forward as we continue to build a solid foundation and grow our portfolio of brands."

Prior to joining BBX Sweet Holdings, Mr. Harris was President of Maxfield Candy Company, in Salt Lake City, Utah where he was focused on strategic growth and increasing their brand presence nationally. Previously, Mr. Harris was President of Sunkist-Taylor LLC, a pioneering fresh-cut fruit snacking business with both east and west coast processing plants. He has also served in several leadership positions in operations and supply chain management internationally with Dole Foods, and helped lead internet, business-to-business and natural products start-ups at Global Food Exchange and Food Logic. He started his career on Wall Street at Chemical Bank focusing on corporate finance for food and agribusiness companies. Mr. Harris received a BA from Hampden-Sydney College in Virginia and an MBA from Harvard Business School. 

BBX Sweet Holdings invests in and acquires manufacturers, wholesalers, and retailers of chocolate and confectionary products. Since its first acquisition of Williams & Bennett in January of 2014, BBX Sweet Holdings has expanded to include four additional nationally recognized wholesalers including Anastasia Confections, Helen Grace Chocolates, Jer's Chocolates and The Toffee Box. BBX Capital also owns and operates Hoffman's Chocolates, a retail confections company based in Greenacres, Florida.

About BBX Capital Corporation:BBX Capital (NYSE: BBX) is involved in the acquisition, ownership, management, joint ventures and investments in real estate and real estate development projects, as well as acquisitions, investments and management of middle market operating businesses. In addition, BBX Capital and its holding company, BFC Financial Corporation (OTCQB: BFCF), have a 46% and 54% respective ownership interest in Bluegreen Corporation. As a result of their ownership interests, BBX and BFC own 100% of Bluegreen. 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 September 30, 2014, BBX Capital had total consolidated assets of $382.1 million, shareholders' equity attributable to BBX Capital of approximately $309.7 million, and total consolidated equity of approximately $311.0 million. BBX Capital's book value per share at September 30, 2014 was $19.15.

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