Banner
Filtraglass
Falorni Tech Glass Melting Technology

Consumers Packaging: Owens-Brockway dispute ended

Canadian firm Consumers Packaging and two of its US affiliates, Anchor Glass Container Corporation and Glenshaw Glass, have settled a lengthy legal battle with US-based Owens-Brockway Glass Container …

Canadian firm Consumers Packaging and two of its US affiliates, Anchor Glass Container Corporation and Glenshaw Glass, have settled a lengthy legal battle with US-based Owens-Brockway Glass Container Inc. over a technical assistance and license agreement. “This settlement puts this disruptive and costly dispute behind us,” said John J. Ghaznavi, chairman and CEO of Consumers Packaging, Anchor and Glenshaw Glass Company. Under the settlement, reached on 6 November, an amended technical assistance and license agreement will be extended through 2005. The amended agreement will cover technology now in place at the same royalty rate. On expiry of the agreement, Consumers Packaging and its affiliates will receive a paid-up license for the technology. As part of the settlement, Consumers Packaging, Anchor and Glenshaw will pay US$ 5 million to Owens-Brockway. Consumers Packaging, Glenshaw and another affiliate will receive a US$ 1.2 million refund of royalties paid previously under protest.

Sign up for free to the glassOnline.com daily newsletter

Subscribe now to our daily newsletter for full coverage of everything you need to know about the world glass industry!

We don't send spam! Read our Privacy Policy for more information.

Share this article
Related news