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Kotipizza Group subsidiary to continue distribution services to Subwway in Finland

Helsinki Foodstock Oy, a sourcing and logistics operator owned by Kotipizza Group Oyj, has signed an agreement with EIPC Limited to renew Helsinki Foodstock's current contract to provide distribution services to Subway restaurants in Finland.

December 23, 2015

Helsinki Foodstock Oy (Helsinki Foodstock), a sourcing and logistics operator owned by Kotipizza Group Oyj (Kotipizza Group), announced it has signed an agreement with EIPC Limited, a non-profit organization owned by Subway franchisees in Europe, confirming to renew Helsinki Foodstock's current contract to provide distribution services to Subway restaurants in Finland. Helsinki Foodstock will continue to be responsible for managing the supply chain from suppliers to restaurants, according to a company press release.

The agreement is not estimated to have a material effect on Kotipizza Group's earnings in 2015.

EIPC, which was established in 2001, enables Subway franchisees to gain from the financial and service discounts that come from purchasing and supplying products in large volumes, the release stated.

Helsinki Foodstock offers sourcing, logistics and other services to the hotel, restaurant, catering and food industry, as well as food products to the retail sector. The company's major clients include the restaurants in the Kotipizza chain, Espresso House coffee shops operating in Finland, as well as Rolls restaurants.