The Marygold Companies, Inc. (NYSE American: MGLD), a diversified global holding firm, announced that its wholly owned subsidiary Gourmet Foods Limited has signed a definitive agreement to sell its Printstock Products Limited business unit to TAG Investments Limited, a New Zealand-based private investment firm. The cash transaction is valued at a minimum of NZ$2,450,000, with final proceeds to be determined at closing. The sale is structured as an asset sale and is expected to close on or about November 20, 2026, subject to customary closing conditions, including due diligence, assignment of the lease, and closing inventory valuations.
Printstock, based in Napier, New Zealand, is a digital printer of custom food packaging products for brands predominantly distributed in New Zealand. The Marygold Companies acquired Gourmet Foods in 2015, a commercial-scale bakery producing and distributing iconic meat pies and pastries under the brands Pat’s Pantry and Ponsonby Pies. Gourmet Foods acquired Printstock in 2020 at the onset of the COVID-19 pandemic to individually wrap its product offerings in compliance with government health regulations. Gourmet Foods is currently listed as Discontinued Operations on the Company’s consolidated financial statements due to its held-for-sale status, but it will continue to operate normally during the search for new ownership, with the full support of The Marygold Companies.
Nicholas Gerber, Chief Executive Officer, said, “The transaction is in keeping with our corporate transformation and initiative to focus on our financial services sector, which today represents more than half of the Company’s consolidated revenues. We expect to record a gain on the sale as the transaction reflects the success of our original investment in 2020. Printstock is a finely run company and has brought value to our shareholders during our time of ownership. The experienced management team and staff at Printstock are expected to continue with the new owner, and we wish them the best of success.”
This divestiture is part of Marygold’s broader strategy to concentrate on financial services, which now accounts for over half of its consolidated revenues. The company operates subsidiaries in financial services, food manufacturing, printing, and beauty products under trade names including USCF Investments, Marygold & Co., Step-By-Step Financial Planners, Marygold & Co. Limited, Gourmet Foods, Printstock Products, and Original Sprout. Offices and manufacturing operations are located in the U.S., New Zealand, and the U.K. For more information, visit www.themarygoldcompanies.com.
The sale of Printstock allows Marygold to streamline operations and allocate capital toward its financial services segment, potentially enhancing shareholder value. Investors may view the expected gain as a positive signal of management’s ability to create value through strategic acquisitions and timely exits. The transaction also underscores the company’s commitment to its core financial services business, which could lead to improved focus and performance. As the deal is subject to closing conditions, stakeholders will monitor its completion for further insights into Marygold’s transformation. The original release can be viewed on www.newmediawire.com.
