The deals, sealed in July, saw Camposol’s shrimp subsidiary Marinazul acquire two shrimp companies and one farm for a combined debt and cash amount of roughly $4.75 million (€3.7 million).
This has expanded Marinazul’s shrimp farming area to 560 hectares, up from 250 hectares.
Now the group plans to invest $800,000 (€622,440) in 2010 alone to upgrade the farms, Camposol said in a statement in July.
"The Peruvian shrimp industry has been characterized by low profitability the last years,” Camposol CEO Fabio Matarazzo said.
“We
