US based chocolate and confectionary products manufacturer BBX Sweet, subsidiary of BBX Capital, has acquired the assets of Kencraft Candy.
Established in 1969, Utah based Kencraft provides homemade hard candies in the US. It offers Lollipops, LolliKits, LolliLetters, Candy Sticks, Candy Canes, Bubblegum Buddies, Royal Icing Decorations, and Panoramic Sugar Easter Eggs.
Kencraft Candy president Justin Boyle said: "Combining our manufacturing capabilities and facility with BBX Sweet Holdings' sales and distribution network will position Kencraft Candy for the future."
BBX Sweet owns six brands including Anastasia Confections, Helen Grace Chocolates, Hoffman's Chocolates, Jer's Chocolates, The Toffee Box, and Williams & Bennett.
BBX Capital president and BBX Sweet CEO Jarett Levan said: "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 confectionary category.
"Today's acquisition of Kencraft Candy provides us with the ability to deliver more product choices to our customers and consumers."
