Scales takes full control of Europe's Esro Petfood
What's the deal? Scales CorporationDealroom has a profile for this one. Try Dealroom → (NZX:SCL) has acquired the remaining 50% of its European business, Esro Petfood BVDealroom has a profile for this one. Try Dealroom →, buying out its joint venture partner for nominal consideration. The New Zealand-listed agribusiness will fully consolidate Esro's results from September 2026.
What's the endgame? Scales plans to rebrand Esro Petfood to support both supply and demand in the region. The move reinforces its commitment to medium-term growth in Europe.
Why now? Senior Group executives are already in Europe, focused on improving operating performance while providing stability for customers, suppliers, and employees. Full-year guidance issued on 26 August 2026 remains unchanged.
Who's involved? Founded in 1897 as a shipping business, Scales is a diversified investor operating mainly in agribusiness across three divisions: Global Proteins, Horticulture, and Logistics. It has operations in New Zealand, Australia, the US, and Europe.
The signal: Taking full ownership of a former joint venture lets Scales move faster on integration and branding in Europe, tightening control over a market it has flagged for growth.
Image credit: GovNB / GouvNB
