NZ Business - - BRIEFCASE -

FIVE PER­CENT, TRAD­ING as Si­mon Gault Home Cui­sine, re­cently ac­quired a mi­nor­ity hold­ing in start-up Cocavo Lim­ited with an op­tion to in­crease this hold­ing in 12 months time.

Five Per­cent man­ag­ing di­rec­tor Nick Baylis says when they first met with Cocavo founder Chris Nathan they were im­me­di­ately im­pressed with the in­no­va­tive prod­uct. “It was a pretty easy and in­stant de­ci­sion for us to in­vest,” he says.

Cocavo is a world first, blend­ing av­o­cado and co­conut oil to cre­ate what is re­garded as the world’s health­i­est co­conut oil. Cocavo has less sat­u­rated fat than reg­u­lar co­conut oils and when blended with av­o­cado oil of­fers the added health ben­e­fits of av­o­cado oil, in­clud­ing high lev­els of mono-un­sat­u­rated fat, vi­ta­min E and plant sterols.

“The high smoke point makes it ideal for cook­ing,” says Si­mon Gault. “But what re­ally im­pressed me though was the qual­ity and clean­ness of the Cocavo oil.”

Gault is tak­ing on an ac­tive brand am­bas­sador role with Cocavo. He’ll be work­ing closely with the com­pany to de­velop recipes and ex­cit­ing ways for cus­tomers through­out Asia Pa­cific and North Amer­ica to en­joy the unique prod­uct.

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