Scales settles Shelby acquisition

4 January 2019 SCALES CORPORATION SETTLES STAKE IN US PETOOD INGREDIENT MANUFACTURER Diversified agribusiness Scales Corporation Limited (NZX:SCL) has confirmed settlement, on 20 December 2018, of the acquisition of 60% of Shelby JV LLC (Shelby), a large independent US buyer, processor, and seller of ingredients for the petfood industry. The acquisition was announced to the market on 14 December 2018. Contact Andy Borland, Managing Director, Scales Corporation Limited, Mob: 021 975 999, email: andy.borland@scalescorporation.co.nz About Scales Corporation Scales Corporation is a diversified agribusiness group. It currently comprises three operating divisions: Horticulture, Storage & Logistics and Food Ingredients. The company's diverse spread of activities gives Scales broad exposure to New Zealand's agribusiness sector. Scales Corporation was founded in 1897 as a shipping business by George Herbert Scales. Today it employs more than 700 staff New Zealand wide. Find out more at www.scalescorporation.co.nz. End CA:00329128 For:SCL Type:GENERAL Time:2019-01-04 14:34:38