Mr Feng Gu, Wagott’s General Manager will maintain operations independently after the acquisition
Layn Natural Ingredients has acquired of Chengdu Wagott Bio-tech, expanding its botanical extract offering. Wagott exports green tea extract and produces tea and resveratrol extracts.
In an agreement finalised October 13, 2020, Layn acquired 51% ownership of Waggot. Layn provides ingredients and formulation guidance to brands in food, beverage, flavor, nutraceutical, personal care, animal nutrition and pet health.
“It is exciting to combine our well developed processes & technology to expand opportunities and bring increased value to the marketplace, particularly in bringing tea extracts, including natural polyphenols and L-theanine to market,” said Mr Feng Gu, General Manager of Wagott. “Utilising Layn’s formulation and application strengths and proprietary platforms designed to deliver solutions tailored to specific applications and market needs, we anticipate significant product innovation and the introduction of new lines such as white tea and pu’erh tea extracts and organic certified tea extracts.”
The arrangement with Wagott is reportedly part of Layn's long-term strategic planning for botanical extract production and delivery.
According to published data in 2019, Wagott’ is a leading company in the field of green tea and resveratrol (from giant knotweed) extract in China.
Layn and Wagott say their product lines are highly complementary and will allow Layn to continue providing scientifically-backed active ingredients including polyphenols (EGCG, theaflavins, resveratrols, etc.), theanine, and others.
“Layn’s state-of-the-art facility is optimized for botanical extraction and the production of sweeteners, fruit-based antioxidants and herb-based functional ingredients,” said Frank Xie, EVP Layn Corp. “We continuously strive to advance our botanical science and R&D efforts, and unifying this with Wagott’s capacity and its leading, complementary ingredient portfolio puts us in a unique position of global leadership in innovation, production, yield, and cost – all focused on providing ultimate value to our customers.”