View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
May 21, 2002

USA: Sweetheart Cup Co, EarthShell Corp plan manufacturing and licensing agreement

Californian firms Sweetheart Cup Company and EarthShell Corporation have signed a letter of intent providing the basis for Sweetheart to be the primary supplier of EarthShell Packaging® in the US.

Californian firms Sweetheart Cup Company and EarthShell Corporation have signed a letter of intent providing the basis for Sweetheart to be the primary supplier of EarthShell Packaging® in the US.

Under the contemplated transaction environmentally-friendly packaging giant EarthShell would provide an exclusive royalty bearing license to Sweetheart for the first US$500m of annual sales of its sandwich containers, cups, plates and bowls for the US institutional and consumer markets.

Sweetheart, the largest manufacturer of single-use food service disposables in the US, intends to pursue the procurement of sufficient equipment designed to manufacture such sales.

Consistent with previously announced plans, EarthShell will cease the production of EarthShell Packaging sandwich containers in Owings Mills temporarily, until the new equipment lines are available.

“Over the past few years, we have become increasingly comfortable that market demand for EarthShell products is significant,” said Tom Uleau, COO of Sweetheart: “Product performance has satisfied EarthShell customers during extensive testing and initial commercial supply. The purchasing of a guaranteed turnkey manufacturing system from reliable vendors will provide an excellent opportunity to market EarthShell’s products.”

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every other month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Just Food