Category: Industry News

Manuka Health is no longer a Kiwi business

ManukaHealth sold to PEP. The second biggest New Zealand bee products exporter Manuka Health has been sold to Australian private equity giant Pacific Equity Partners. This News source comes from New Zealand Herald says the purchase price was $110 million – more than five times the $20 million valuation placed on the company in 2012 when Read More …

Honey supply shortages hit Comvita profit

Health products company Comvita has reported a modest profit rise, with a move towards self-sufficiency in honey supply coming too late to prevent first-half shortages impacting its annual earnings. Comvita reported a 3.3 per cent rise in annual net profit to $7.6 million on an 11.4 per cent rise in revenues to $115.3m, for the Read More …