Logistics company Stobart Group Ltd. (STOB.LN) Wednesday said its subsidiary Eddie Stobart has gained a distribution contract with U.K. supermarket giant Tesco PLC (TSCO.LN) worth around GBP25 million a year.

The contract for Tesco's new import centre at Teesport, Middlesbrough, involves transporting the supermarket's non-food products and will be operational in August.

The goods will arrive by sea and rail into Tesco's import centre for onward distribution by Eddie Stobart to regional distribution centres and stores throughout the U.K.

Chief Executive Andrew Tinker said the contract is aligned to Stobart's multimodal strategy and gives it the opportunity to "increase movements from road to rail."

Company Web site: www.stobartgroup.co.uk

-By Rachael Gormley, Dow Jones Newswires; 44-20-7842-9308; rachael.gormley@dowjones.com
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