Waterman invests in Academic Colleges Group - Waterman Private Equity
Summary
Since Farro founders Janene and James Draper opened the first store in Mt Wellington in 2006, the company has championed many of New Zealands best-known food, beverage and grocery products from start-up phase through to category leading brands. We continue to back a strong local management team, led by regional CEO Robert Hughes, and I am delighted that with the acquisitions of Provincial Education and Think Childcare we take a significant step forward towards realising this ambition. In a week where two of our three assembly centres are operating under alert level three protocols, we can clearly see the resilience in the business and that we are well placed to keep supporting the growing number of New Zealanders who prefer to buy their food online, says Mr Bowler. Opened officially in November 2014, the Manuka Health facility is a high tech, internationally accredited laboratory, honey processing factory and global distribution centre which enables the Company to produce award-winning innovative natural healthcare products. It utilises the unique healing properties of manuka honey and other bio actives from New Zealand native flora and fauna (e.g. the green-lipped mussel), to produce and sell some 80 functional foods, dietary supplements and wound-care products.