SCHAUMBURG, Ill. —March 29, 2023 — INX International Ink Co. announced today it has completed an investment agreement in Gooten, a technology and fulfillment company with U.S. headquarters in New York City. This deal will help Gooten expand its print-on-demand manufacturing network and capabilities globally while enabling INX to accelerate its strategy in digital printing.
This is the first investment announced since INX established its $50 million INX Venture Capital investment program in May 2022, with the intent of furthering collaboration with technology and materials science startups that are relevant to the printing inks and coatings value chain.
Gooten is a globally distributed company that operates a smart supply chain for brands wanting to utilize on-demand manufacturing. The company does so by combining proprietary technology and operational expertise with a worldwide network of 30+ best-in-class manufacturing partners. Gooten’s digital infrastructure enables automated order fulfillment for eCommerce businesses, retailers, and global merchandise companies to scale production in an on-demand, inventory-free environment.
“We are excited to welcome INX as an investor in Gooten,” said Brian Rainey, CEO at Gooten. “As a globally recognized leader in high performance printing inks and coatings, INX’s investment in Gooten recognizes our shared commitment to sustainability, quality, and excellence in everything we do. With the support of INX, we are excited to continue driving innovation, expanding our reach, and delivering exceptional value to our customers and partners through Gooten’s sustainable, on-demand fulfillment model.”
Shane Bertsch, INX vice president of Strategic Planning and Innovation, anticipates being able to develop products and invest more resources in the direct-to-object (DTO) segment through the Gooten relationship.
“We see Gooten as a catalyst for enabling sustainable, on-demand manufacturing across several categories of interest for INX,” Bertsch said. “We are eager to partner with the Gooten team to bring high quality digital printing solutions and services to our customers and partners.”
Posted April 4, 2023
Source: INX International Ink Co.