The new owner is Bernie Sugrue, also the owner of the McGregors Bakery in Wanaka.
He previously owned the Palmerston bakery in 1988 before moving to Wanaka.
Mr Sugrue bought the right to bake McGregors mutton pie and other pies in the range at his newly built Wanaka bakery three years ago. He said no changes were planned in the operation of the McGregors Bakery and tearooms at Palmerston as a result of his buying the business at the end of December.
Two of the staff at the Palmerston shop worked with him when he ran the Palmerston bakery and tearooms 21 years ago.
The Palmerston tearooms were the biggest seller of the McGregors pies, Mr Sugrue said.
The pies were now baked at the pie factory in Wanaka and the other baked delicacies sold at McGregors in Palmerston were also trucked in from the lakes region.
Mr Sugrue is looking forward to the McGregors Bakery's centenary in 2013. Charlie Skevington, who with his wife Fiona, has owned and managed McGregors bakery in Palmerston for the past 21 years, said he would be going back to contracting work at Macraes mine and in Wanaka.
He previously worked as a contractor before buying the bakery.
He had enjoyed operating the Palmerston business, but was pleased to forego of the long hours that he had put in at the bakery.
