A family company which has operated for longer than Holden is closing its doors in Kadina, Moonta and Port Pirie.
Price’s Bakery, founded in 1876, has been halting its trading in recent weeks, throwing 11 staff out of work.
It is a bitter pill for a director of the company, Matthew Lee, whose great-grandfather J.C. Price was originally involved in the bakery.
Adelaide-based Mr Lee is chief operating officer of Australian Nanotech which has plans for a rubber-recyling plant and power station at Port Pirie.
“Due to commitments with Australian Nanotech and Australian Rubber, I don’t have the time to micro-manage a bakery,” he said.
“It doesn’t mean it won’t be back in the future. I just don’t have the time do to it.”
He said the bakery had been in business longer than Holden which shut in Adelaide recently.
The bakery’s outlet in Port Pirie, now defunct, had been open only since September last year.
The Moonta shop has closed and the Kadina store was due to shut-down at the end of trading on Friday.