WA pie maker Mrs Mac’s seeking emergency capital boost, new owner amid COVID pains

WA staple Mrs Mac’s could be up for sale, after the company was hard hit by the pandemic.

Mrs Mac’s management has been trying to find ways to pay down the company’s debt and grow the business following a tough period, the AFR reported.

The company is reportedly seeking an emergency capital boost to pay down debt or attract a new owner to take control of the group.

The family-owned pie maker’s new Perth-based management team are said to be working with professional services firm KPMG to find a potential investor, as part of a 12-week auction aimed at recapitalising the business.

Sources told the Australian Financial Review that Mrs Mac’s management team had shortlisted buyers this week, after KPMG had taken a round of non-binding offers and whittled down the contenders.

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