Manuka Health NZ is a pioneer in developing innovative natural products utilising the unique healing properties of bioactive compounds found only in New Zealand native flora and fauna, specifically in Manuka honey.
At the time of investment the health and nutrition sector was growing internationally on the back of a number of compelling global trends such as an ageing population, ineffectual public and private health systems and also increased consumer awareness. Within this, demand for manuka honey was growing faster than supply and showing no signs of abating. Manuka Health was well placed to exploit the many benefits inherent in this uniquely New Zealand product.
During the period of Waterman's investment revenue more than quadrupled and earnings grew at a faster rate.