Comvita shares jump on $12.3 million acquisition of NZ Honey

Wed, 21 May 2014

By Suze Metherill May. 22 (BusinessDesk), - Comvita shares jumped 8.8 percent after maker of,healthcare products based on manuka honey said it will buy,New Zealand Honey,for $12.3 million as part of a strategy to boost supplies of the raw material. Comvita said the Timaru-based honey producer, which is owned by the New Zealand Honey Producers Cooperative and,operates the,Hollands Honey, 3 Bees and Sweet Meadow brands, recorded,$27.3 million of sales in 2013. Te Puke-based Comvita has been looking to secure its own apiaries,after honey sho...

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