WNA News and Documents
RECENT NEWS
WNA and Sabert Reach Settlement Over Patent Disputes
Cincinnati, OH – September 13, 2011. After a lengthy lawsuit, Sabert Corporation and Waddington North America (WNA) have entered into an agreement settling a patent dispute. This settlement brings an end to a legal dispute regarding metalized cutlery dating back to 2006.
While the details of this agreement are not disclosed, both parties are satisfied that due consideration has been provided for the licensing of the patents which continue to be valid and enforceable. This agreement licenses Sabert to manufacture, market and sell metalized cutlery and utensils in the US, Canada, and Mexico, for the full remaining term of those patents. The metallization process and metals that this license provides deliver products with superior appearance, product safety and durability.
The heads of both companies welcomed the end of this dispute which ultimately should result in both brands becoming stronger. "Now that we have finally settled this long-standing dispute, both Sabert and WNA can concentrate our efforts on providing our customers with the high quality, innovative products we are both known for," said Mike Evans, CEO of WNA.
Albert Salama, President of Sabert Corporation stated "We are pleased that this matter is settled and are confident it is the best option for both WNA, Sabert Corporation and their customers."
DOCUMENTS AND STATEMENTS
