The Sealord Group is selling its Argentinian wing and restructuring its business to focus more on opportunities in Australasia.
The seafood harvesting group is also consolidating its mussel interests in an existing joint venture with New Zealand seafood company, Sanford, according to stuff.co.nz
Sealord's international management team is being restructured with three divisions set up to focus on Australia and its deepwater fishing business.
Chief executive Graham Stuart said inflation and other factors caused them to exit Argentina, after buying into a joint venture in 2000.
"Our strategy is more Australasian-focused and more value-add focused, and this is more in the commodity end of the business," he said.
Stuff.co.nz says Sealord operate two freezer trawlers from Argentina, targeting hoki, southern blue whiting and silver warehou.
Sealord will also be adding all of its mussel interests into North Island Mussels, of which it has a 50 percent share, after entering into a joint venture last year with Sanford.