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Thursday, 07 July 2022 15:56
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Comvita has sold it's Medihoney brand to log term partner, shares in US partner

Comvita, the manuka honey products company, has sold its Medihoney brand to US partner Derma Sciences for about $19 million, and will reap a further $11 million selling Derma shares in a takeover offer of the Nasdaq-listed company. The gross proceeds of the Medihoney deal will amount to US$13.25 million, with a US$5 million earnout payable on sales milestones being achieved, Comvita said in a statement to the NZX. Comvita also owns 1.1 million shares in Derma Sciences, which announced on Jan. 10 that it will be acquired by Nasdaq-listed Integra LifeSciences for US$7 per share by the end of…
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NZ yogurt firm EasiYo eyes Europe growth with Ornua deal

NZ yogurt firm EasiYo eyes Europe growth with Ornua deal
New Zealand make-at-home yogurt business EasiYo Products is looking to grow its business in Europe through a tie-up with Ireland-based dairy group Ornua. An agreement between the two companies will see EasiYo's yogurt mixes made outside New Zealand for the first time. Ornua will blend and pack its Irish dairy powders into EasiYo's mixes at its site in Leek in central England. Brian Dewar, EasiYo's CEO, said: "The UK and EU markets represent a multi-million pound opportunity for us to capitalise on this growing consumer trend of people who love to make fresh wholesome food at home. Moving manufacture and…
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Cocavo set to reach full production by next month

Cocavo set to reach full production by next month
Northland looks set to be the launching pad for a new global food product. Cocavo, made from a combination of organic coconut and avocado oils, has just had a "soft launch" in Whangarei and is positioned to fulfil the expectations of its investors who predict it to be this decade's hottest new food item. The product is a world first, says Cocavo Ltd co-founder and general manager Neville Montefiore. It was designed to be the ultimate cooking oil giving an extra 5 per cent of flavour and "pizazz" in every dish, he says. Apart from being lower in saturated fat…
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Clearer labelling for oils and sugars a step closer

Food Safety Minister Jo Goodhew is welcoming progress on improving food labelling, including consistent labelling of added fats and oils that are high in saturated fatty acids. “As Food Safety Minister my priority for New Zealand consumers is food safety and public health. For nutrition purposes, the labelling of high saturated oils like palm oil and coconut oil should be consistent with New Zealand and Australia’s dietary guidelines. I made New Zealand’s position clear at today’s meeting of the Australia and New Zealand Ministerial Forum on Food Regulation,” Mrs Goodhew says. The Forum discussed Recommendation 12, which states that where…
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MSC NewsWire is a gathering place for information on the productive sector in New Zealand focusing on Manufacturing, Productive Engineering and Process Manufacturing

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