Scales Corp and Alliance Group to create petfood joint venture

Thu, 07 Mar 2019

By Rebecca Howard March 8 (BusinessDesk) - Agribusiness group Scales Corp said Alliance Group will pay $15 million for a 50 percent stake in its Meateor business and operations, creating a petfood joint venture. "This venture is about developing New Zealand as the premier supplier of petfood proteins. We think the venture provides a number of benefits to the entire New Zealand petfood-supply industry, including as an avenue for the industry to improve scale," said managing director Andy Borland. The joint venture "extends Alliance's...

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