Scales Corporation acquires full ownership of Esro Petfood, a European petfood ingredient business it co-founded with a Dutch meat processor. The company now controls 100% of Esro Petfood after purchasing the remaining stake for a minimal amount. Esro Petfood has reportedly been operating at a loss since its establishment.
Scales Corporation Limited releases its interim financial results for the first half of 2026. The diversified agribusiness group provides an update on its performance and operational outlook during this period.
Scales Corp reports a net profit of **$101 million** in 2025, marking a **threefold increase** from prior years. The company’s **horticulture division** leads the growth, delivering robust financial performance. The surge reflects broader demand in the sector and operational efficiency gains.
Scales Corp sells two Hawke’s Bay apple orchards to Craigmore Sustainables for $34 million. The transaction involves a fund managed by the buyer, marking a significant asset shift in New Zealand’s agribusiness sector. The orchards expand Craigmore Sustainables’ portfolio of sustainable agricultural investments.
