International. INX International Ink completes an investment in DetraPel, an advanced materials company that manufactures sustainable coatings.
This represents the fourth deal closed since the $50 million INX Venture Capital investment program was established in 2022.
DetraPel is the parent company of the consumer division ProofPlus and Impermea Materials, its newly renamed industrial arm. Impermea Materials is an advanced materials company offering solutions to drive the next generation of PFAS and plastic-free innovation.
The solutions promise extraordinary performance for ordinary materials through unique molecules. For example, paper and board packaging solutions offer a variety of substrate technologies, such as oil and grease resistance (OGR), moisture vapor transmission barriers (MTVR), adhesives, non-stick coatings, and more.
Water-based plastic alternatives are FDA compliant (A-H), heat-sealable, and preserve the flexibility and foldability of the substrate.
"Since our inception a decade ago, we've been developing PFAS-free (100% fluorine-free) water-based chemicals that outperform their fluorinated counterparts," said David Zamarin, founder and CEO of DetraPel.
"For brands looking to accelerate the transition to safe solutions and achieve performance targets, our team at Impermea works directly with manufacturing teams to eliminate chemicals and plastics without sacrificing daily product performance and create new efficiencies throughout their supply chain," added Zamarín.
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.
DetraPel's investment focuses on paper and fibre-based packaging and complements Sakata INX's Ecostage GB-XA oxygen barrier coatings, a film offering introduced to the market earlier this year.
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