Maketu Pies will continue to fill pie warmers across the country with a successful sale made this week.
Te Arawa Management Ltd (TAML) has purchased the iconic Bay of Plenty business which is the commercial subsidiary of the Te Arawa Lakes Trust.
The trust purchased Maketu Pies after the business went into receivership earlier this month and to keep the company in local ownership.
Te Arawa Lakes Trust chairman Taa (Sir) Toby Curtis said the purchase was "simply the right fit" for the subsidiary and its role in supporting the future growth of Te Arawa, its assets and whānau.
"Just as importantly, the decision is about ensuring Maketu Pies stays in local hands, rather than heading offshore or away from the Bay of Plenty.