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BY GERALD OCHS
Rappahannock News Special Writer
Sunnyside Farms owner and AOL. executive David Cole has recently concluded an Agreement to provide equity financing to Walnut j^pres Organic Farms of Penns Creek, Pa., a leading organic products catalog retailer. The $4,000,000 deal will give Cole a majority stake in the firm, ahd will provide. Walnut Acres with the capital and expertise to expand its internet-based operations (visit www.walnutacres.com) and secure additional sources for organic vegetables, fruits and meats.
“With over 53 years of organic experience and 300,000 customers, Walnut Acres is the undisputed leader in catalog sales as well as a growing force in wholesale distribution,” said Cole. “ We plan to expand Walnut Acres’ industry leadership by building a fast, easy and reliable online connection between America’s best farmers and discerning customers worldwide, while at the same time supporting our valued wholesale customers with an expanded wholesale product line and increased levels of service.”
Cole’s Rappahannock-based Sunnyside Farms (visit www.simnysidefarms.com) and his Virginia organic farm network will also benefit from the deal—Walnut Acres will draw upon the both the products and the production planning capability of the network and will thus create, said Walnut
Acres president Bob Anderson, “the largest and most diverse organic farm network on the East Coast.”
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