Frito-Lay North America Inc, a subsidiary of PepsiCo and Innovia Films Ltd have resolved their legal issue over the patent rights for bio-based multi-layer films.
collaborated to achieve a mutually agreeable outcome, ensuring a strong patent
position for Frito-Lay and the ability for Innovia Films to practice under the
patents including the use or resale of Innovia’s products by their global
customers for bio-based multi-layer films.
David Beeby, CEO, Innovia Films
states, “We are very pleased that we have been able to resolve this issue in an
open and constructive manner. It also means
that Innovia is able to accelerate our product development and supply of NatureFlex™
renewable and compostable films for bio-based multi-layer applications.”
Frito-Lay and Innovia Films suit reconciled
October 1, 2012