Pic's Peanut Butter sells majority stake to Australian company Scalzo Foods

Monday 25 August 2025 · 2 outlets · 2 reports · updated Mon 25 Aug 2025, 7:13am

Nelson-based Pic's Peanut Butter has sold a 51.3% majority stake to Melbourne-based Scalzo Foods. The multimillion-dollar deal involves the family-owned Australian food and ingredient supply business. Founder Pic Picot described the sale as a significant development for the company.

How they headlined it

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1. NZ HeraldMon 25 Aug 2025, 5:02am

   The Great New Zealand Road Trip: Peanut butter firm Pic’s sells majority stake to major Australian food ingredient supply company Scalzo in multimillion-dollar deal (opens in new tab)

2. StuffMon 25 Aug 2025, 7:13am

   Kiwi brand Pics Peanut butter sells majority chunk to foreign firm (opens in new tab)