Nestlé to sell Egmont Honey less than two years after buying it

Nestlé owns 75% of Egmont Honey with the other 25% owned by CEO and founder James Annabelle (Image: NZME)

Tue, 21 May 2024

Swiss giant Nestlé has confirmed it is selling mānuka honey producer Egmont Honey, less than two years after acquiring it as part of The Better Health Company.It purchased Taranaki-based Egmont Honey alongside GO Healthy and New Zealand Health Manufacturing in the 2022 deal. The Office of Overseas Investment later revealed Nestlé had paid $375m for The Better Health Company.All of Egmont Honey is up for sale. Nestlé owns 75% of Egmont Honey with the other 25% owned by CEO and founder James Annabelle, who declined to comment...

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