(First published in February 2020)Agribusiness Scales Corp is eyeing up the potential acquisition of winemaker Villa Maria Estates. Scales managing director Andy Borland confirmed to the NZX on Tuesday that the company “is participating in the sales process for Villa Maria, but cautions that there is no certainty that its participation will result in any transaction”. Founded as a shipping business in 1897, Scales is now the country’s biggest integrated apple business. SUPPLIED Winemaker Villa Maria Estates is up for sale. Scales may see synergies in logistics and transport, benefits of diversification, an opportunity to invest in the brand and make inroads into China, Smith said.

Source: Stuff March 23, 2021 02:25 UTC