Baton Rouge officials announced the opening of a company that will process and market a premium gulf-caught shrimp product nationally and internationally.

The Baton Rouge Area Chamber and Mayor-President Kip Holden announced the opening of Baton Rouge Shrimp Company Inc. Monday morning, according to a BRAC news release.

The new facility will create 38 direct and an estimated 54 indirect jobs for the area.

"The opening of Baton Rouge Shrimp will be a valuable addition to our area," Holden said. "We are thrilled that this operation has chosen to call Baton Rouge home. We look forward to working with them further as they become successful."

Baton Rouge Shrimp will purchase fresh, wild-caught shrimp from shrimpers at ports along the Gulf of Mexico. The company will process and distribute the premium product, starting with head-on and headless, with plans to add peeled meat to the product line in the future.

The new facility will be located on Neosho Avenue in a 50,000-square-foot warehouse and $2.2 million has been invested to renovate and prepare the property for production.

The owner, Tommy Lusco, has been associated with processing and marketing seafood on the wholesale and retail level for more than 25 years. He started Louisiana Seafood Exchange in 1988 and grew the company to $16 million a year in sales by 2000. He sold the company in 2001 to his management team and retired, the release says.