A private Australian firm has bought a majority stake in the famous Kiwi peanut butter firm Pic’s – a multimillion-dollar deal hailed by the man who formed the company with the help of a concrete mixer 18 years ago.
The hugely successful Nelson-based company is now 51.3 per cent owned by Melbourne-based Scalzo Foods, a family owned food and ingredient supply business that started almost 50 years ago.
“It’s been a fantastic ride,” says Pic Picot, the Kiwi entrepreneur who still holds 42.4 per cent of the company and will continue to be fully involved in the business as brand ambassador.
NZ Herald
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The Kiwi entrepreneur still holds 42.4 per cent of the company and will continue to be fully involved in the business as brand ambassador.
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This year, the winning entry came from Sritam Kumar Sethy, a student at Berhampur University in India, while Australian researchers and wildlife snagged awards in several categories.
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Beard was in hospice care when he died at his ranch in Richmond, Texas, with family members at his side, band representative Bob Merlis said.
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The group are mostly elderly and retired and gather at an old sports building in Hastings to make coffins. “We are at a point where we don’t have the room to make any more,” Treasurer Cherie Hames says. “We are basically at capacity of what we can make on the premises. We have to find new premises.”
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Peters, who is also the minister for rail, said he pitched an alternative plan, to immediately put the harbour crossing to tender, but was outvoted in cabinet. His comments seemed to surprise both Transport Minister Chris Bishop and Prime Minister Christopher Luxon.
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