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Comvita boosts beehive base with latest buy

Comvita boosts beehive base with latest buy
Comvita's latest buy is Whanganui-based Kiwi Honey, which it picked up last week for a confidential sum.

Comvita's latest buy is Whanganui-based Kiwi Honey, which it picked up last week for a confidential sum.

The deal will boost its supply by 3,500 beehives.

According to chief executive Brett Hewlett, the manuka honey specialist company is committed to supporting its beekeeper partners and it expects a third of its honey to come from Comvita-owned apiaries.

In November it bought Waikato Honey Products, and withstood a takeover bid from Cerebos around the same time.

Kiwi Honey will be Comvita's fourth wholly-owned apiary, adding to its holdings in Northland, Waikato and Wairarapa.