The company which owns award-winning Taranaki manuka honey business Egmont Honey is being offered for sale.
Egmont Honey was founded by South Taranaki father and son Toby and James Annabell in 2015 with just one beehive, and now has about 3500 hives in Taranaki and exports to 20 countries.
In August 2020, The Better Health Company, which already held a 51 per cent share, took over ownership of Egmont Honey.
James and Toby, and Toby's wife, Karen, took a small shareholding in that company, the National Business Review reported.
The Australian Financial Review has reported that The Better Health Company’s owner, Asian private equity firm CDH Investments, is now seeking a buyer for the trans-Tasman vitamins, supplements and manuka honey brand company.
It said The Better Health Company, whose brands include vitamin label GO Healthy and Egmont Honey, would record $NZ137 million revenue and $NZ30 million EBITDA (earnings before interest, taxes, depreciation, and amortization) in the year to March 31.
Egmont Honey CEO James Annabell declined to comment on the sale, but said Egmont Honey revenue this year will be in excess of $41m.
“We are very proud of the fact we have grown so fast over the last five years. We now employ 57 people in Taranaki,” he said.
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Egmont Honey was founded by South Taranaki father and son Toby and James Annabell in 2015 with just one beehive, and now has about 3500 hives in Taranaki and exports to 20 countries.
In August 2020, The Better Health Company, which already held a 51 per cent share, took over ownership of Egmont Honey.
James and Toby, and Toby's wife, Karen, took a small shareholding in that company, the National Business Review reported.
The Australian Financial Review has reported that The Better Health Company’s owner, Asian private equity firm CDH Investments, is now seeking a buyer for the trans-Tasman vitamins, supplements and manuka honey brand company.
It said The Better Health Company, whose brands include vitamin label GO Healthy and Egmont Honey, would record $NZ137 million revenue and $NZ30 million EBITDA (earnings before interest, taxes, depreciation, and amortization) in the year to March 31.
Egmont Honey CEO James Annabell declined to comment on the sale, but said Egmont Honey revenue this year will be in excess of $41m.
“We are very proud of the fact we have grown so fast over the last five years. We now employ 57 people in Taranaki,” he said.
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