Thanks for logging in.

You can now click/tap WATCH to start the live stream.

Thanks for logging in.

You can now click/tap LISTEN to start the live stream.

Thanks for logging in.

You can now click/tap LATEST NEWS to start the live stream.

LISTEN
Watch
on air now

Create a 2GB account today!

You can now log in once to listen live, watch live, join competitions, enjoy exclusive 2GB content and other benefits.


Joining is free and easy.

You will soon need to register to keep streaming 2GB online. Register an account or skip for now to do it later.

Advertisement
Advertisement
Advertisement

Capilano Honey looks to stick with $190-million takeover bid by China-focused buyer

Deborah Knight
Article image for Capilano Honey looks to stick with $190-million takeover bid by China-focused buyer

Australia’s biggest honey producer Capilano Honey is set to be taken over by a private equity group specialising in China-focused agricultural exports.

Partnering in the $190-million bid for the 65-year-old company is Wattle Hill, co-founded by Albert Tse, husband of Jessica Rudd, daughter of former PM Kevin Rudd.

The other half of the consortium is investment manager Roc Partners.

Capilano shares jumped 25 per cent to a two-year high after the honey group’s board endorsed the offer.

CEO Dr Ben McKee tells Ross Greenwood it was “very important” stakeholders were “protected” in the deal.

“The soul of our company is Australian beekeepers and Australian honey.”

He says more honey is leaving the domestic market for China.

Click PLAY below to hear the full interview 

Deborah Knight
Advertisement