Marygold Companies to Sell Printstock Unit, Sharpening Focus on Financial Services

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 Printstock Products Limited 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 close on or about November 20, 2026, subject to customary conditions including due diligence, lease assignment, and inventory valuations.

Printstock, based in Napier, New Zealand, is a digital printer of custom food packaging for brands primarily distributed in New Zealand. The sale aligns with Marygold's corporate transformation strategy to concentrate on its financial services sector, which now accounts for more than half of the company's consolidated revenues. CEO Nicholas Gerber stated, “The transaction is in keeping with our corporate transformation and initiative to focus on our financial services sector.” He added that the company expects to record a gain on the sale, reflecting the success of its original investment in 2020.

Marygold acquired Gourmet Foods in 2015. Gourmet Foods is a commercial-scale bakery producing and distributing iconic meat pies and pastries throughout New Zealand under the brands Pat’s Pantry and Ponsonby Pies. In 2020, at the onset of the COVID-19 pandemic, Gourmet Foods acquired Printstock to utilize its printing capacity for individually wrapping products in compliance with government health regulations. Gourmet Foods is currently listed as Discontinued Operations on the company's financial statements due to its status as held for sale. During the search for new ownership, Gourmet Foods will continue to operate normally as a going concern with full support from The Marygold Companies.

The transaction is part of Marygold's broader repositioning as a global holding firm focused on financial services. The company's operating subsidiaries now include 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.

This news matters because it signals Marygold's continued commitment to streamlining operations and concentrating resources on its financial services segment, which represents a growing share of revenues. The sale of Printstock, a non-core asset, allows the company to unlock value from a successful investment while simplifying its business structure. For the financial services industry, the move underscores a trend of diversified holding companies sharpening their focus on higher-margin sectors. For New Zealand's food packaging industry, the transition to TAG Investments Limited, a local private investment firm, may bring new opportunities for growth and continuity, as the experienced management team and staff at Printstock are expected to remain with the new owner.

Investors and stakeholders in Marygold will be watching the closing closely, as the expected gain on sale could positively impact the company's financial results. The transaction also highlights the resilience of Gourmet Foods, which will continue to operate normally during the ownership transition. As Marygold sharpens its focus on financial services, the company is positioning itself to capitalize on opportunities in that sector, potentially driving long-term shareholder value. The original release can be viewed on www.newmediawire.com.