[23 August/The Country]

Scales Corporation Limited has announced that it is selling its Timaru bulk storage business, Liqueo, to SBT Group. Scale’s Managing Director, Andy Borland, said Liqueo enjoyed strong growth with a long term storage contract set to run for another 18 years. He added the operation was sub-scale in the context of the Scales Group. Scales Chairman, Tim Goodacre, said the sale was the final phase of rebalancing businesses that were less aligned with their new strategy. Scales recently sold Polarcold in May this year to Emergent Cold. Polarcold operates in Timaru, Dunedin, Christchurch, and Auckland. Polarcold and Liqueo were both linked to Allan Hubbard and South Canterbury Finance.