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/
