BBX Sweet buys Helen Grace Chocolates

BBX Capital’s wholly-owned subsidiary BBX Sweet Holdings has bought the assets of Helen Grace Chocolates for an undisclosed amount.

California-headquartered Helen Grace Chocolates is a manufacturer of premium chocolate confections, chocolate bars, chocolate candies, and truffles.

BBX Capital president Jarett Levan noted that the first Helen Grace Chocolates shop was established by Bill and Helen Grace in San Pedro, California, in 1944.

"Eventually they opened additional stores, began selling candy to schools for fund-raising campaigns, and grew to be a Southern Californian candy legacy," added Levan.

As per the deal, Helen Grace Chocolates will continue to be the exclusive provider of chocolate and chocolate gift items for Innisbrook Wraps’ fundraising programmes, said Levan.

Helen Grace Chocolates general manager Greg Power said: "Helen Grace Chocolates established its heritage through outstanding quality, value, and commitment to tradition.

"After my 24 years with Helen Grace I am very pleased to join the family of BBX Sweet Holdings companies and to carry on the Helen Grace devotion to its product and customers."

North Advisors acted as the exclusive advisor for the Helen Grace Chocolates for the transaction.