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Multimillion-dollar deal seals stake in Pic’s - FMCG Business

Summary by FMCG Business
Private Australian firm Scalzo has bought a majority stake in Kiwi peanut butter producer Pic’s in a multimillion-dollar deal. The hugely successful Nelson-based company is now 51.3% owned by Scalzo Foods, a food and ingredient supply family business that started almost 50 years ago. Scalzo is based in Melbourne and also has premises in Auckland. Pic Picot, the Kiwi entrepreneur who still holds 42.4% of the company says he will continue to be fu…
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FMCG BusinessFMCG Business

Multimillion-dollar deal seals stake in Pic’s - FMCG Business

Private Australian firm Scalzo has bought a majority stake in Kiwi peanut butter producer Pic’s in a multimillion-dollar deal. The hugely successful Nelson-based company is now 51.3% owned by Scalzo Foods, a food and ingredient supply family business that started almost 50 years ago. Scalzo is based in Melbourne and also has premises in Auckland. Pic Picot, the Kiwi entrepreneur who still holds 42.4% of the company says he will continue to be fu…

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FMCG Business broke the news in on Monday, August 25, 2025.
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