BRAMPTON, ON and FORT LAUDERDALE, FL--(Marketwired - September 17, 2015) - Renin Holdings, LLC, ("Renin," and/or "Renin Corp."), today announced that it has appointed Mitchell Burke as Vice President of Sales. In this role, Mr. Burke will have full responsibility for the retail sales organization at Renin and will become a key member of the Renin executive leadership team.
"Mitch brings a wealth of experience with over 25 years of sales executive knowledge and a proven ability to build and lead top-tier sales teams in extremely competitive environments," commented Shawn Pearson, Renin's President and Chief Executive Officer.
Mitchell Burke previously served Danby, one of the largest manufacturers, distributors and marketers of appliances in North America. While at Danby, Mr. Burke held the position of General Manager, leading growth through the development of customized strategies for independents, big box, club, hospitality and institutional channels. Mr. Burke has also held senior leadership positions at many well-known Fortune 500 companies such as FLIR, KODAK, and PANASONIC.
"For over fifty years, Renin has been committed to innovation, new product development, and a relentless focus on delivering value to our customers and it's our people that make the difference. We are pleased to welcome Mitch to our organization and we look forward to working with him as Renin moves onward to its next fifty years," Pearson concluded.
Renin Holdings, LLC, is a joint venture entity owned 81% by BBX Capital Corporation (NYSE: BBX) and 19% by BFC Financial Corporation (OTCQB: BFCF).
About Renin: Renin has been supplying Innovative Interior Sliding Doors and Hardware Systems across North America, Europe and around the world since the 1960's when we first invented the sliding mirror closet door. That innovation legacy has endured to the point that we are one of the largest interior door manufacturers by volume in North America with manufacturing operations in Canada and the United States.
On November 1, 2013, BBX Capital Corporation announced the acquisition of the assets and operations of Renin Corp allowing the company to further streamline to support strategic growth. Renin is poised to enhance our industry leadership position through innovation and speed to market now - and well into the future.
For more information, please visit www.ReninCorp.com
About BBX Capital Corporation: BBX Capital (NYSE: BBX) is involved in the acquisition, ownership and management of 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 controlling shareholder, BFC Financial Corporation (OTCQB: BFCF), have a 46% and 54% respective ownership interest in Bluegreen Corporation. As a result of their ownership interests, BBX Capital and BFC together own 100% of Bluegreen. As of June 30, 2015, BBX Capital had total consolidated assets of $388.6 million, shareholders' equity attributable to BBX Capital of $317.5 million, and total consolidated equity of $318.8 million. BBX Capital's book value per share at June 30, 2015 was $19.63.
About BFC Financial Corporation: BFC (OTCQB: BFCF) (OTCQB: BFCFB) is a holding company whose principal holdings include an 81% ownership interest in BBX Capital Corporation (NYSE: BBX) and its indirect ownership interest in Bluegreen Corporation. Bluegreen is a wholly owned subsidiary of Woodbridge Holdings, LLC. BFC owns a 54% equity interest in Woodbridge. BBX Capital owns the remaining 46% equity interest in Woodbridge. As of June 30, 2015, BFC had total consolidated assets of $1.4 billion, shareholders' equity attributable to BFC of $340.3 million, and total consolidated equity of $449.7 million. BFC's book value per share at June 30, 2015 was $4.08.
About Bluegreen Corporation:
Founded in 1966 and headquartered in Boca Raton, FL, Bluegreen is a sales, marketing and resort management company, focused on the vacation ownership industry and pursuing a capital-light business strategy. Bluegreen manages, markets and sells the Bluegreen Vacation Club, a flexible, points-based, deeded vacation ownership plan with more than 193,000 owners, over 64 owned or managed resorts, and access to more than 4,500 resorts worldwide. Bluegreen also offers a portfolio of comprehensive, turnkey, fee-based services, including resort management services, financial services, and sales and marketing services, to or on behalf of third parties.
For further information, please visit our family of companies:
Renin Corporation: www.ReninCorp.com
BBX Capital: www.BBXCapital.com
BFC Financial Corporation: www.BFCFinancial.com
Bluegreen Corporation: www.BluegreenVacations.com
This press release contains forward-looking statements 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 be correct. Past performance and perceived trends may not be indicative of future results. In addition to the risks and factors identified above, reference is also made to other risks and factors detailed in reports filed by the Company with the Securities and Exchange Commission, which are available in the Company's Quarterly Report on Form 10-Q for the quarter ended June 30, 2015, and its Annual Report on Form 10-K for the year ended December 31, 2014, which may be viewed on the SEC's website, www.sec.gov, on BBX Capital's website, www.BBXCapital.com, or on BFC Financial' s website, www.BFCFinancial.com. BBX Capital and BFC Financial caution that the foregoing factors are not exclusive, and we do not undertake, and specifically disclaim any obligation, to update or supplement any forward-looking statements.
Kip Hunter Marketing
Leo Hinkley, Managing Director
Email: LHinkley@BBXCapital.com or LHinkley@BFCFinancial.com