Leading Brazilian tilapia producer GeneSeas plans to invest BRL 100 million (€17 million/$20 million) to double production by 2024.

The move is part of a strategy aimed at hoisting revenues to BRL 1 billion (€166 million/$196 million) by 2024 from an expected BRL 400 million (€66 million/$79 million) this year, according to a news report the company posted on its LinkedIn page.

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GeneSeas, controlled by private equity group Aqua Capital since 2015, sells tilapia under the DellMare and Tilly brands.