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.

“We are very pleased that we have been able to resolve this issue in an open and constructive manner," said David Beeby, CEO, Innovia Films. "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.”

About Innovia Films Ltd
Innovia Films Ltd is a major producer of Biaxially Oriented Polypropylene (BOPP) and cellulose (NatureFlex™ & Cellophane™) films with production sites in the UK, USA, Belgium and Australia. It holds a leading global position in the markets for labels and security films, coated packaging, overwrap and renewable and compostable films. Worldwide Innovia Films employs some 1,350 people, with a focus on high quality speciality products, strong customer relationships, R&D, and unsurpassed service.

Source: Innovia Films Ltd.