Pentair closes lackluster aquaponics operation

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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