Staples Vegetables has partnered with investment firm Solum Partners.
The partnership will support Staples in expanding both its produce operation and energy division, which utilizes anaerobic digestion to convert crop residuals and food-waste by-products into renewable natural gas (RNG) and electricity. The company recently completed an expansion of its energy operations, enabling full-scale RNG production which powers Staples' own operations with clean energy, lowers emissions, and generates a surplus for external offtake.
"We are excited to partner with the team at Solum as we continue to invest in both sides of our business: food and energy," said Vernon Read, who, together with his brother George, leads Staples Vegetables. "Our integrated model allows us to reduce waste, lower emissions, and create a circular system where what we grow helps power how we grow." George Read added: "This is a proud moment for everyone at Staples. This partnership builds on more than seventy years of family tradition while positioning the business for the future. Solum's expertise and long-term perspective will help us take that vision even further – ensuring we continue delivering reliability and value for our customers and land partners."
Derek Lister, Partner at Solum Partners, commented: "Staples Vegetables exemplifies the kind of innovative, sustainable agribusiness we aim to partner with. Vernon and George have built a business that not only provides fresh food but also generates clean energy from its own by-products. We look forward to working together to accelerate growth, efficiency, and regenerative practices that strengthen the entire supply chain at a time when sustainably sourced produce has become a top priority for retailers and a defining expectation among consumers."
For more information:
Staples Vegetables
Email: [email protected]
staplesvegetables.co.uk
