INX International invests in DetraPel
INX International Ink Co. has completed an investment in DetraPel, an advanced materials company that manufactures sustainable coatings. This represents the fourth deal closed since the $50M INX Venture Capital investment program was established in 2022.
DetraPel is the parent company of the consumer division ProofPlus, and Impermea Materials, its recently rebranded industrial arm. Impermea Materials is an advanced materials company that provides solutions to drive the next generation of PFAS and plastic-free innovation.
These solutions promise extraordinary performance for ordinary materials through unique molecules. For example, solutions for Paper and Paperboard Packaging offer a variety of substrate technologies such as oil and grease resistance (OGR), moisture vapor transmission (MTVR) barriers, adhesives, release coatings and more. These water-based, plastic alternatives are FDA compliant (A-H), heat sealable, and preserve the flexibility and foldability of the substrate.
INX plans to leverage its technical expertise and go-to-market capabilities to support the adoption of sustainable barrier coatings by brands and packaging converters. The DetraPel investment focuses on paper and fiber-based packaging and complements Sakata INX’s Ecostage GB-XA oxygen barrier coatings, an offering for films introduced to the market earlier this year.
With the global capabilities of Sakata INX, INX may be able to support manufacturing and go-to-market for DetraPel in international markets where the company does not currently have a presence.