Acquisition Opportunity Following the Nov 2024 acquisition by INX Group, there is a clear path to align with INX International Coatings and Adhesives’ broader product portfolio, enabling cross-sell of waterbased, UV/LED/HUV, EB coatings and waterbased adhesives to existing INX customers and channels.

Domestic Scale As the largest waterbased coating manufacturer in North America with 51-200 employees and $50M-$100M in revenue, there is potential to expand distribution, seek larger-volume contracts, and pursue multi-site coatings programs with packaging, label, and specialty coating customers seeking reliable domestic supply.

Vertical Integration C&A’s unique capability to produce its own polymer raw materials for cost and supply assurance can be positioned as a competitive advantage in value-added coatings programs, enabling sales pitches around consistent quality, economics, and supply security for high-volume customers.

Diversified Applications Product breadth spans Commercial, Packaging, Label, and specialty coatings for offset, flexo, gravure, and screen processes. This enables tailored solutions for current customers and targeted outreach to printers, converters, and packaging manufacturers seeking sustainable waterbased and UV/EB options.

Innovation track Historical launches like Corban antimicrobial and Deter BT bitter-taste coatings demonstrate a willingness to develop niche, value-added products. Leverage this track record to pursue opportunities in anti-microbial packaging, label protection, and consumer safety applications with growth potential.