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.
Beeby, CEO, Innovia Films stated “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
September 27, 2012