BBX CAPITAL CORPORATION (NYSE:BBX) Files An 8-K Other EventsItem 8.01 Other Events.
On June 16, 2017, BBX Sweet Holdings, a wholly-owned subsidiary of BBX Capital Corporation (the “Company”), indirectly through a newly formed acquisition subsidiary, acquired 93% of IT’SUGAR, LLC’s membership interests for a purchase price of approximately $57 million, net of cash acquired. The Company’s press release announcing the IT’SUGAR acquisition is attached hereto as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits.
Exhibit 99.1 – Press release dated June 19, 2017
BBX Capital Corp ExhibitEX-99.1 2 c858-20170619xex99_1.htm EX-99.1 Exhibit 99.1 Press Release Exhibit 99.1 BBX Capital acquires largest specialty candy retailer- IT’SUGAR® FORT LAUDERDALE,…To view the full exhibit click
here About BBX CAPITAL CORPORATION (NYSE:BBX)
BBX Capital Corporation (BBX Capital) is involved in the acquisition, ownership and management of joint ventures and investments in real estate and real estate development projects, as well as investments in operating businesses. The Company operates through three business segments: BBX, Renin and Sweet Holdings. The BBX segment consists of the activities associated with managing the commercial loan portfolio, real estate properties of BBX Capital and its subsidiaries, including BBX Partners, BBX Capital Asset Management, LLC (CAM) and Florida Asset Resolution Group, LLC (FAR). The Renin segment consists of the activities of Renin Holdings, LLC and its subsidiaries (Renin). Renin manufactures interior closet doors, wall decor, hardware and fabricated glass products. The Sweet Holdings segment consists of the activities of BBX Capital’s acquired operating businesses in the confection industry. The Sweet Holdings segment companies manufacture chocolate and hard candy products.