Manuka Health New Zealand secures new owner for next phase of growthFriday, 28 September 2018 | Journey
Manuka Health New Zealand has announced today the company has secured new ownership, subject to Overseas Investment Office (OIO) approval, backing the significant growth strategy of the company.
Manuka Health has experienced exceptional growth over recent years as it has delivered on its strategy of building strong brand connections with consumers and retailers around the world. During this time Manuka Health has also invested in the significant expansion of its internal beekeeping operations which has seen its apiculture operations expand five-fold since 2016.
The new investment capital will support the Manuka Health business as it builds on its extensive New Zealand supply platform, taking high quality natural health products to many markets around the world, not least of which include; Germany, Japan, Australia, China and North America.
This new capital partner, a highly reputable South-East Asian trading company, replaces Pacific Equity Partners which have been the majority owner of Manuka Health since they acquired the business in late 2015, supporting the business to grow to more than $100m revenue.
Chief Executive John Kippenberger is excited about the future prospects for the company under the new ownership. He says, “The new owners understand the tremendous natural health properties of Manuka honey and they are committed to supporting this great New Zealand company as we continue to forge major steps forward on the global stage, across all aspects of the business over the years ahead.”
“We are a proud New Zealand-born company, employing more than 140 staff across New Zealand, with regional investment in Northland, Waikato and Wairarapa as well as investment in resources across a number of our international markets. This acquisition is further international recognition of the future growth prospects of quality New Zealand Manuka honey on the global stage”.
The new owner has requested anonymity until the OIO process is complete.
“However, we can say that the new owner is excited by the strong growth that Manuka Health has already achieved along with the future growth path for our company, our people, brand, beekeeping operations as well as the local and international partnerships we have ahead, ” says Mr Kippenberger.