Frito-Lay and Innovia Films resolve patent rights issue
Frito-Lay North America Inc and Innovia Films Ltd have resolved their legal issue over the patent rights for biobased multi-layer films.
The companies achieved 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 its global customers for biobased multi-layer films.
“We are very pleased that we have been able to resolve this issue in an open and constructive manner,” comments David Beeby, CEO, Innovia Films.
“Furthermore, it means that Innovia is able to accelerate the product development and supply of its NatureFlex renewable and compostable films for bio-based multi-layer applications.”
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