Browne Jacobson advised First Milk on the deal.
Dundee based start-up business Agricarbon was set up by Scottish farming entrepreneur, Stewart Arbuckle; data services entrepreneur and decarbonisation expert, Annie Leeson and technology commercialisation expert, Alan Strong. The business aims to support the reduction of CO2 in the agricultural industry through its unique service which helps its global customer base scientifically quantify its soil carbon stock. Agricarbon has already been working in partnership with First Milk and Nestlé on a pioneering large-scale soil carbon capture project using state of the art machinery to run an intensive soil carbon analysis.
First Milk is a British farmer-owned co-operative with a vision to create value for members by delivering long-term dairy prosperity in the form of success, profitability, security and well-being. It produces a variety of popular tasting cheeses that are distributed to over 26 countries across the globe and provides high quality fresh milk to a range of UK based dairy manufacturers and processors. The business recently launched its First4Milk sustainability programme which underpins its commitment to supporting initiatives that focus on people, animals and the Earth.
The investment by First Milk will accelerate the expansion plans of Agricarbon and allow the business to further develop its offering to make it more affordable and accessible to the wider farming and land business industries. It will also bolster First Milk’s position as a leader in sustainability within the dairy industry.
The Browne Jacobson team comprised Manchester based corporate partner Peter Allen (Picture), senior associate Ryan Brown and associate Bethany Pickup, supported by expert input from the Browne Jacobson employment and IP teams.
Law Firms: Browne Jacobson;
Clients: First Milk;