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Pez (trademarked PEZ in capitals) is the name of an Austrian candy company world-famous for producing pocket character dispensers that hold fruit-flavored candy pieces invented in 1927 by Austrian candy maker Eduard Haas III. The brand name Pez comes from the letters at the beginning, middle and end of the German word for peppermint, Pfefferminz, the first Pez flavor. Although not owned by Disney, many Pez dispensers featured Disney characters on them.