U.S. seafood firm Red Chamber has reportedly agreed to withdraw a lawsuit against Spanish seafood company Profand Group related to control over processing facility in Argentina.
Profand Group said it reached an agreement to operate the facility with the province of Chubut, Argentina, in September 2025, saying it agreed to lease it and retain the facility’s workforce.
However, prior to Profand taking over the facility, it was managed by Red Chamber since Argentinian seafood firm Alpesca filed for bankruptcy in 2013. Red Chamber controlled the facility for multiple years, but Chubut Governor Ignacio Torres reportedly claimed the company committed multiple breaches of the contract that allowed it to lease and operate the facility.
Red Chamber disputed those accusations and claimed the termination of its lease over the Alpesca facility was illegal. In 2025, it filed a complaint in a California court, where the firm is based, claiming the case was about “economic espionage, corporate subterfuge, and government corruption in Argentina” that damaged Red Chamber.
Red Chamber claimed that its lease contract gave it the exclusive option to purchase the former Alpesca facility upon completion of the judicial expropriation process, which “has not yet occurred after more than 11 years.” Despite that agreement, its complaint claimed the government terminated the lease “in a wrongful attempt to gain leverage over Red Chamber” that included demands for private untraceable payments it refused to make.
The company alleged that following that dispute over the payment, Profand signed an agreement to lease the plant with all payments going to the province of Chubut rather than Red Chamber.
Control of the facility was handed back to Red Chamber in October 2025 after a settlement agreement, publication Revista Puerto reported, in a deal that gave it five additional provincial permits for fishing, a new labor framework, and access to raw materials and set any potential arbitration in California where the civil suit was filed.
Profand was, in turn, given compensation by the province, Revista Puerto reported, including 5,000 tons of hake fishing quota.
Now, Red Chamber announced it has reached an agreement between itself and Profand and that it has withdrawn its lawsuit against the company and said the conflict has been resolved, Revista Puerto reported, though there were no publicly available court filings indicating a settlement in California court at the time of this article's publication.
