TPC (Tsao Pao Chee) has acquired a majority stake in Euro-Atlantic, a leading Malaysian importer and distributor of speciality fruits, vegetables, seafood, and gourmet groceries. This acquisition, announced on 24 August, marks TPC’s second major investment under its Well-being Economy strategy, specifically advancing its Food Systems pillar. Euro-Atlantic will continue to operate under its established brand, ensuring continuity for its customers, suppliers, and employees.
Founded in 1992, Euro-Atlantic has developed a robust platform in Malaysia, featuring a fleet of over 60 cold chain lorries and an 85,000-square-foot GBI-certified distribution hub. The company sources fresh produce from over 20 countries and maintains long-standing relationships with major supermarket chains and five-star hotels. TPC aims to leverage Euro-Atlantic’s infrastructure to create a more resilient and responsible regional food systems platform.
Loh Niap Juan, TPC’s Group Chief Corporate Officer, emphasised the importance of food systems in supporting communities and natural ecosystems, stating, “Euro-Atlantic has built something strong over more than three decades, we intend to build on it, investing in what already works and growing its reach.”
Euro-Atlantic’s Managing Director, Ebby Loo, expressed commitment to the shared purpose with TPC, aiming to shape a responsible food system across the region.
This acquisition follows TPC’s recent investment in Refresh Group and reflects its commitment to deploying long-term capital across its strategic pillars. By integrating Euro-Atlantic into its Food Systems unit, TPC is poised to enhance its regional presence and contribute to sustainable food systems in Southeast Asia.
