Ostrom Mushroom secures funding for production facility

Ostrom Mushroom Farms LLC has secured $45 million in financing to build a composting and production facility in Sunnyside, Wash.

The Olympia, Wash.-based grower-shipper’s plans include “design principles and technology well-proven in Europe and elsewhere around the world, but will be among the first installations in the U.S.” Ostrom Mushroom president and CEO David Knudsen said in the release.

The facility will expand production, improve mushroom quality and improve the company’s operating efficiencies, Knudsen said in the release.

Funding was handled by Ascendant Partners Inc., a value-added investment firm for agriculture and food industries, according to a news release.

“This process brought together two complimentary partners truly committed to the industry and the success of this venture,” said Ascendant Partners’ Mark Warren, in the release. “We’re extremely pleased to complete this funding so Ostrom can now fully focus on the development and implementation of this exciting new mushroom production operation.”