Settlement of Bostock Group Transaction
GENERAL
Fri, Jun 14 2024 08:30 am
14 June 2024
SETTLEMENT OF THE BOSTOCK GROUP TRANSACTION
On 16 May 2024 Scales Corporation Limited (NZX:SCL) announced that it had entered into an agreement to acquire certain assets from Bostock Group Limited (Bostock). The transaction includes approximately 240 hectares of planted orchard area comprised of approximately 114 hectares of owned orchards and the assignment of approximately 126 hectares of leased orchard. The total acquisition price of $47.5 million also includes the purchase of 50% of Profruit (2006) Limited held by Bostock (collectively the Transaction).
Scales is pleased to announce that settlement of the Transaction occurred yesterday.
About Scales Corporation
Scales Corporation is a diversified agribusiness group. It comprises three operating divisions: Global Proteins, Horticulture and Logistics. The company’s diverse spread of activities gives Scales broad exposure to the agribusiness sector. Scales Corporation was founded in 1897 as a shipping business by George Scales. Today it has operations across New Zealand, Australia, United States and Europe. Find out more at www.scalescorporation.co.nz
Announcement PDF
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