09/13/2004 11:00PM

Walmac property sold


John T. L. Jones Jr. has sold the property of his Walmac International Farm near Lexington to a partnership consisting of his son, John Jones III, and a longtime horse racing investor and entrepreneur, Bobby Trussell.

The sale includes the 285-acre Walmac main property and a 667-acre property called Bedford Farm, but it does not include Walmac's current stallions. Trussell, the CEO of Tempur-Pedic, a pillow and mattress company with its headquarters in Lexington, Ky., is expected to pursue separate stallion deals for Walmac in the future.

The elder Jones, 70, said Tuesday that he decided to sell the farm property because "I've been in this business for about 45 years, and I thought I'd slow down."

Walmac currently stands 16 stallions, including Salt Lake, Cactus Ridge, Favorite Trick, and Gentlemen.