[9 March/Otago Daily Times]

The New Zealand Honey Company has been bought out of receivership for an undisclosed sum. The company was placed in voluntary receivership by its shareholders in mid-December and its overall debt was assessed at more than $1.4 million. The liquidator, Iain Nellies, confirmed that it was bought by New Zealand buyers and would continue to be operated by a going concern. Scott Brundell said the brand and intellectual property rights were purchased by Mark Lahood, Marc Eurell and himself. Mr Nellies added that the company had sold its Mosgiel factory in June last year and would now operate as a broker, taking orders and selling domestically. The United Kingdom was The Honey Company’s biggest market.