US closures giant Supreme Corq has agreed to licence certain patented materials to Italian packaging group Guala Dispensing.

Supreme Corq announced the deal yesterday (27 March) but said the details of the agreement remained confidential.

Supreme Corq CEO Bob Anderson said: "The licencing agreement with Guala Dispensing once again validates the globally patented Supreme Corq intellectual property and creates additional revenue streams for our shareholders."
 
Andrea Guala, division director for Guala Dispensing added: "Our licencing arrangement with Supreme Corq solidifies our intellectual property goals to sell our multi-component closure globally."