Scales (NZE:SCL) acquired its joint venture (JV) partner's stake in European pet food business Esro Petfood for an undisclosed nominal consideration, according to a Monday filing with the New Zealand bourse.
The company plans to rebrand Esro Petfood and fully consolidate its results from September, the filing said.
The company reaffirmed its 2026 guidance of NZ$55 million to NZ$60 million in underlying net profit after tax attributable to shareholders, implying underlying net profit after tax of NZ$72 million to NZ$78 million and underlying earnings before interest, taxes, depreciation, and amortization of NZ$135 million to NZ$142 million.