The Marygold Companies, Inc. (NYSE American: MGLD), a diversified global holding firm with a focus on financial services, announced that its wholly owned subsidiary, Gourmet Foods Limited, has entered into 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. Structured as an asset sale, the deal is expected to complete on or about November 20, 2026, subject to customary closing conditions including due diligence, assignment of the lease, and closing inventory valuations.
Based in Napier, New Zealand, Printstock 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 brand names 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 as a going concern with the full support of The Marygold Companies while new ownership is sought.
The transaction aligns with The Marygold Companies’ corporate transformation to focus on its financial services sector, which now represents more than half of the Company’s consolidated revenues. “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,” said Nicholas Gerber, Chief Executive Officer. “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.”
For investors, the sale signals a strategic realignment that could sharpen the Company’s focus on higher-growth financial services, potentially enhancing long-term shareholder value. The expected gain on the sale, stemming from the 2020 investment, may bolster the Company’s financial position, providing capital for further investment in its financial services segment. The continuity of Printstock’s management and staff under TAG Investments suggests minimal disruption to operations and customers, preserving the unit’s value. The transaction also underscores the ongoing consolidation in the food packaging industry, where specialized printers like Printstock remain attractive assets for private investors.
For the broader business community, the deal highlights how companies are reevaluating non-core assets to concentrate on core competencies, a trend that could accelerate as firms seek agility in a dynamic economic environment. The Marygold Companies, founded in 1996 and repositioned as a global holding firm in 2015, 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 in the U.S., New Zealand, and the U.K. For more information, visit www.themarygoldcompanies.com. The original release can be viewed on www.newmediawire.com.
