Comvita Limited (NZSE:CVT) will look for M&A. David Banfield, Chief Executive Officer said, “With our transformation program showing positive results and confident of our ability to deliver that base plan, we are looking at opportunities to drive our growth credentials through a combination of M&A, organic activity and high-value partnerships targeting incremental categories with a focus remaining on bee products. We're extremely well positioned. We have a simplified and focused organization.

We have good management disciplines. Our physical and digital presence enables demand-side consolidation. We have good team capability, and we have a strong balance sheet.

In this reporting period, Comvita entered into an extended period of due diligence on a potential scale acquisition. Value could not be agreed at this time. However, demand side M&A offers incremental value and would enable Comvita to generate operating leverage and drive higher standards for consumers worldwide”.