Tru Shrimp gears up for growth with FDA registration for key product
The shrimp producer planning a harbor in Madison just hit a big milestone, which could bring in more revenue than the shrimp themselves.
The shrimp producer planning a harbor in Madison just hit a big milestone, which could bring in more revenue than the shrimp themselves.
Less than a month after launching its initial public offering process, Minnesota-based Tru Shrimp is putting it on hold.
Minnesota-based aquaculture startup The Tru Shrimp Cos. Inc., which plans to build a $90 million production facility in South Dakota, has filed plans for an initial public offering.
A company that plans to produce shrimp from a new South Dakota facility has been making some big progress.
Tru Shrimp is partnering with SDSU to open a lab in Brookings for research into shrimp co-products.
One sells an ingredient used in aquaculture feed. Another aims to change the way shrimp are raised. Both say South Dakota has a lot to gain from a growing industry.
The growing aquaculture business Tru Shrimp is adding a location in Madison.