Emergent Cold LLC agreed to acquire Polarcold Stores Limited and Whakatu Coldstores Limited from Scales Corporation Limited (NZSE:SCL) for approximately NZD 150 million on May 9, 2018. The transaction is subject to approval by overseas investment office. The approval was expected to met by February 9, 2019, Scales and Emergent Cold have agreed to extend the condition date, from February 9, 2019 to May 31, 2019. As of May 8, 2019, New Zealand Overseas Investment Office has approved the transaction. Anthony Harper acted as the legal adviser and Maher & Associates acted as financial advisor to Scales Corporation. Russell McVeagh acted as the legal adviser and Grant Thornton acted as the financial adviser to Emergent Cold. EY acted as a legal advisor to Emergent Cold LLC. Emergent Cold LLC competed the acquisition of Polarcold Stores Limited and Whakatu Coldstores Limited from Scales Corporation Limited (NZSE:SCL) on May 17, 2019.