Giant Japanese conglomerate Mitsui is investing $360 million (€327.7 million) in Ecuadorian shrimp producer Industrial Pesquera Santa Priscila.
The two companies will collaborate to increase productivity and efficiencies, said Mitsui in a release.
Focusing on the potential of an increasingly industrialized and consolidated shrimp industry, in 2019 Mitsui bought shares in Vietnamese shrimp processor Minh Phu Seafood.