17/9/2026
Congalsa has acquired the entire charter capital of LSV, giving it full ownership of the business and its Nam Dinh processing facility. The acquisition secures direct, fully traceable access to certified Meretrix clam supply and processing capacity in Vietnam, complementing its Galician manufacturing base and its position in Southern European retail and foodservice channels.
Global clam imports reached c. USD888m for c.268 thousand tons in 2023, with East Asia (i.e., China, South Korea, Japan, etc.) and Southern Europe (i.e., Spain, Portugal, Italy, etc.) together accounting for c.73% of import value. Spain is the largest single importer globally, at c. USD197m in 2023, and EU’s consumption has remained stable at c.70 thousand tons while domestic European production has fallen to c.30 thousand tons, roughly half its 2015 level. Vietnam, the world's second-largest clam exporter, is well positioned to serve this structural deficit, supported by preferential access under the EU–Vietnam Free Trade Agreement.
Lenger Seafoods Vietnam Company Limited is one of Vietnam's leading exporters of Meretrix clams, recognized for premium quality, supply consistency and 100% traceability. Operating since 2012 from a 5ha facility in northern Vietnam, it combines advanced depuration, IQF-nitrogen freezing and X-ray inspection across three processing lines, sources from 20+ NAFIQPM-certified suppliers and holds ASC, MSC and IFS certifications. LSV serves 50+ B2B customers across 10+ export markets, primarily retail chains in Spain, Italy and Portugal. It was a subsidiary of The Lenger Seafoods Group B.V., a Dutch family-owned shellfish group with roots dating to 1925 and around 350 employees worldwide.
Founded in the early 1990s and headquartered in A Pobra do Caramiñal, A Coruña, Congalsa is a Spanish manufacturer of frozen and precooked seafood-based products supplying retail, foodservice and industrial customers under private label and its own brands. The group operates several production facilities with a combined capacity of c.26,000 tons per year and more than 50,000 m³ of cold storage, and distributes across Europe, the Americas and Asia. Congalsa continues to invest in capacity and product development at its Galician base, including a new high-value frozen products plant representing an investment of more than EUR20m.
Index Partners is an independent corporate finance advisory firm focused on mid-market transactions in emerging markets, spanning Southeast Asia, the Middle East, Central Asia, Africa and Eastern Europe. From offices in Ho Chi Minh City, Hong Kong, Manila and London, the firm advises on fundraising, M&A, project finance and strategic advisory mandates across the infrastructure and energy, TMT, healthcare and consumer sectors.