Spain's Congalsa acquires a clam processing company in Vietnam, deepening its Asian raw materials and capacity layout.

Core tip: Spanish seafood processing company Congalsa announced the acquisition of a Vietnamese clam processing company, further strengthening its raw material layout and supply chain integration capabilities in Asia. This merger and acquisition is seen as an important step in the company's internationalization strategy and also reflects the trend of European aquatic product processing companies extending towards raw material production areas.

Congalsa, headquartered in the Galicia region of Spain, has long specialized in the production of frozen seafood and pre-prepared food products, covering shellfish, fish, and various processed seafood products. In recent years, the company has been continuously expanding its retail and catering channels in Europe, and has been steadily increasing the proportion of its own brands and OEM business. Through this acquisition, Congalsa will directly control the processing capacity of Vietnamese clams, achieving vertical integration from raw material procurement to initial processing. Vietnam is one of the world's important producers and exporters of clams and bivalves, with abundant natural resources and a mature farming system. Its clam products occupy a stable share in the European Union market, especially in the frozen and pre-cooked product sectors, where they have price competitiveness. This move by Congalsa not only locks in a stable source of raw materials but also helps to ...