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Pentair closes lackluster aquaponics operation

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US aquaculture equipment supplier Pentair has closed its aquaponics operation in the US state of Minnesota, citing its below expectations performance, the Star Tribune reported.

Written by: Undercurrent News.com

The Urban Organics operation in St. Paul grew Arctic char and rainbow trout as well as salad greens in a former brewery. However, its finances didn’t make sense for the company, the newspaper reported. Some 27 employees will lose their jobs as a result of the closure.

“We continue to believe there is a long-term strategy for aquaponics in urban areas, however, the realization of the business model did not meet our expectations,” Pentair said in an email.

Source:
https://www.undercurrentnews.com/2019/05/16/pentair-closes-lackluster-aquaponics-operation/

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