Schwan’s, Tru Shrimp partner to expand indoor shrimp farming
According to the Star Tribune, Schwan’s Co. is taking a minority stake in Tru Shrimp Co., an affiliate of Ralco, a maker of animal feed.
According to the Star Tribune, Schwan’s Co. is taking a minority stake in Tru Shrimp Co., an affiliate of Ralco, a maker of animal feed. Tru Shrimp uses technology to simulate a natural bayou where it then grows shrimp that the company says is safe and affordable for human consumption.
Headquartered in Balaton, Minn., Tru Shrimp announced earlier this summer plans to build a 4,000-sq-ft shrimp hatchery in Marshall, Minn. At the same time, the company also committed to building a $50 million facility in Luverne, Minn., about 60 miles south of Marshall, where the baby shrimp will be transported for feeding and growth. Schwan’s will lease a portion of one of its processing plants in Marshall to Tru Shrimp, and once the shrimp reach full maturity in Luverne, they will be transported back to the Schwan’s plant for final processing and packaging.