Parx Materials and PepsiCo sign cooperation agreement.
Rotterdam, The Netherlands (December 20, 2019) - Parx Materials is proud to announce that it has signed a Master Service Agreement with PepsiCo to develop a solution providing a high level of microbiological reduction in high performance plastics.
Conversations with PepsiCo on applying the Parx Materials technology started in June 2016. Since then parties have worked together initiating tests and sample production. The agreement announced today sets forth the terms and conditions of the joint development and cooperation. Further details of the agreement are not disclosed.
About Parx Materials
Parx Materials specialises in the development and manufacturing of polymers with antimicrobial properties. The company's technology does not feature synthetic chemicals, biocides, heavy metals or nanoparticles. It can be used with any type of plastic. It is fully biocompatible, non-toxic, and does not diffuse out of the material. Also, it prevents bacteria and microorganisms pilling up on the surface of a product with an efficacy of 99,9% or higher within 24 hours. For more information visit www.parxplastics.com
About PepsiCo
PepsiCo products are enjoyed by consumers more than one billion times a day in more than 200 countries and territories around the world. PepsiCo generated more than $64 billion in net revenue in 2018, driven by a complementary food and beverage portfolio that includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. PepsiCo's product portfolio includes a wide range of enjoyable foods and beverages, including 22 brands that generate more than $1 billion each in estimated annual retail sales.
Guiding PepsiCo is its vision to Be the Global Leader in Convenient Foods and Beverages by Winning with Purpose. “Winning with Purpose” reflects its ambition to win sustainably in the marketplace and embed purpose into all aspects of the business. For more information, visit www.pepsico.com.
PepsiCo World Headquarters, Purchase New York, USA