Chester, Blackburn & Roder, Inc., steamship agents and brokers, and Atlantic Lines, Ltd., an affiliate, will become part of Proteus Foods & Industries, Inc., a fishing and seafood processing concern. Shareholders of Proteus and the Chester-Atlantic group must approve the proposed merger and a favorable tax ruling must be obtained.

Under the agreement approved by directors of the two groups, Proteus would pay a maximum price of $13.5-million in cash and Proteus shares, in return for all shares of the Chester-Atlantic companies.