Procter & Gamble and Weyerhaeuser Reach Licensing Agreement.Business Editors CINCINNATI & FEDERAL WAY, Wash.--(BUSINESS WIRE)--Aug. 29, 2002 The Procter & Gamble Company (NYSE NYSE See: New York Stock Exchange :PG) and Weyerhaeuser Company (NYSE:WY) today announced that they have settled intellectual property matters. Under the agreement, P&G has exclusively licensed Weyerhaeuser under certain chemically modified cellulose fiber (CMCF CMCF Communications and Multimedia Content Forum of Malaysia ) patents, and Weyerhaeuser has licensed P&G under certain of its particle binder patents. Weyerhaeuser will manufacture and sell CMCF for licensees of P&G and others whose intended use is not covered not covered Health care adjective Referring to a procedure, test or other health service to which a policy holder or insurance beneficiary is not entitled under the terms of the policy or payment system–eg, Medicare. Cf Covered. by a P&G patent. CMCF is used to provide fast liquid acquisition and distribution in absorbent absorbent /ab·sor·bent/ (-sor´bent) 1. able to take in, or suck up and incorporate. 2. a tissue structure involved in absorption. 3. a substance that absorbs or promotes absorption. products for the infant and adult hygiene markets. About Procter & Gamble P&G markets nearly 300 brands including Pampers Pampers is a brand of disposable diaper (or nappy) marketed by Procter & Gamble worldwide. Product information Diapers Pampers Diapers come in sizes going all the way up to Size 7. , Tide, Ariel, Always, Whisper, Pantene, Bounty, Pringles, Folgers, Charmin, Downy down·y adj. down·i·er, down·i·est 1. Made of or covered with down. 2. a. Resembling down: downy white clouds. b. Quietly soothing; soft. Adj. , Lenor, Iams, Crest, Actonel, Olay and Clairol. P&G employs nearly 102,000 people in almost 80 countries worldwide. For more information about P&G, please visit our website at www.pg.com. About Weyerhaeuser Weyerhaeuser Company, one of the world's largest integrated forest products companies, was incorporated in 1900. In 2001, sales were $14.5 billion. It has offices or operations in 18 countries, with customers worldwide. Weyerhaeuser is principally engaged in the growing and harvesting of timber; the manufacture, distribution and sale of forest products; and real estate construction, development and related activities. Additional information about Weyerhaeuser's businesses, products and practices is available at www.weyerhaeuser.com. |
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