Feed giant Cargill and its Ecuador-based partner Naturisa said Friday they reached an agreement to create a new joint venture that will nearly double its shrimp feed production capacity.

The groups will partner with Skyvest EC Holding subsidiary Empagran that will have Cargill take over and operate the Empagran's Guayaquil-based facility.

Terms of the deal were not disclosed.

Empagran's feed plant was built in 2018, has a production capacity of 156,000 metric tons and employs more than 200 people.