Wedderspoon was founded in Vancouver Island in 2006 and offers raw manuka honey, as well as manuka honey-based food, consumer, and beauty products through more than 21,000 retailers in the U.S., Canada, and the U.K.
Headquartered in Malvern, PA, with a state-of-the-art processing plant in New Zealand, Wedderspoon Organic is the leading brand of organic manuka honey in the U.S. and Canada. Its products are sold throughout all channels including conventional grocery retail chains, natural food stores and drug stores. The Company holds the leading market share in the United States and Canada. Retailers that carry Wedderspoon's products include Whole Foods, Safeway, Kroger, Publix, Walgreens, CVS, Rite Aid, Wegman's, Target, Costco and Walmart, amongst others. Wedderspoon's products are also sold through e-commerce retailers such as Amazon and iHerb as well as the Company's own website.
Indigo Capital acquires Wedderspoon Organic. As part of the transaction, the Company's founders rolled in a significant equity stake in the new company.
Indigo Capital executes a follow-on investment in the Company.
Wedderspoon hires key executives with proven track-record and industry expertise to build the Wedderspoon brand and drive profitable sales growth in the U.S. market.
The Company opens a new state-of-the-art manufacturing facility in Rangiora, New Zealand, the first manuka honey plant in the world to earn SQF accreditation. All of Wedderspoon's products are made with locally sourced manuka honey and processed in its SQF Level 3-certified manufacturing facility.
The investment also enables Wedderspoon to move its headquarters from Canada to the U.S. to address the Company's primary market.
The Company launches new products to complement its core offerings, while expanding the reach of its existing product line. Its Organic Manuka Honey Drops surpass Ricola as the #1 selling cough drop in Whole Foods.
Wedderspoon continues expanding into leading retail chains throughout the U.S., such as Target and Walmart, while rapidly growing its e-commerce business, eventually becoming one of the top selling manuka honey brands on Amazon.