[28 September/Stuff]

A Southeast Asian company offered to buy for an undisclosed amount. It would be subject to Overseas Investment Office approval. Its CEO, John Kippenberger, said there was speculation the price was over $200 million, but would not confirm the actual figure. The buyer was the Hong Leong Group from Malaysia, however Mr Kippenberger would not confirm the name. Manuka Health was New Zealand’s second largest honey company after Comvita. It is currently majorly owned by Pacific Equity Partners. Mr Kippenberg noted the buyer approached the company. The new owner would back the executive team and staff, and the vision for the next 10 years. Manuka Health had expanded its beekeeping operations five-fold in the past five years.