Frito-Lay and Innovia Films Suit Reconciled

ATLANTA—September 27, 2012—Frito-Lay North America, a subsidiary of PepsiCo, and Innovia Films Ltd have resolved their legal issue over the patent rights for bio-based multi-layer films.

Both companies 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.