date:Sep 29, 2012
Frito-Lay and Innovia Films have reached an out of court settlement over patent rights for a biodegradable film used in packaging for crisps and snack bags.
Frito-Lay now holds the global patent rights for bio-based multi-layer films and Innovia has a license to sell their NatureFlex products into multi-layer applications across the globe.
The settlement comes in the wake of lengthy legal disputes in US and UK courts.
Chris Wyse, communications for Frito-Lay and PepsiCo Americas Foods, told B