INX International Ink Co. has completed an investment in DetraPel, a 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 a materials company that provides solutions to drive the next generation of PFAS and plastic-free innovation.
The solutions include Paper and Paperboard Packaging, which 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.
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.