Scales ups its stake in Shelby Foods by 7.5% for $41.3m

Scales chair Mike Petersen. (Image: NZME)

Wed, 16 Apr 2025

Scales Corporation has upped its stake in the US pet food business Shelby Foods.It has acquired a further 7.5% of the business for US$24.4 million (NZ$41.3m). Scales took a 60% stake in the business for US$23.2m in 2018, describing it at the time as one of the largest independent buyers and processors of ingredients for the US pet food industry.Scales’ managing director Andy Borland said the business had been looking for an opportunity to increase its holdings since that first investment.“Shelby’s performance has been fun...

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