Layn Natural Ingredients acquired a 51% stake in Chengdu Wagott Bio-tech Co (Wagott), China’s largest exporter of green tea extract, and a leading producer of tea and resveratrol extracts late last year.
China-based Layn highlighted that the acquisition is in line with its long-term strategic planning and that it marks a significant milestone in its sustained commitment to innovation in quality botanical extract production and delivery. Layn focuses on vertically integrated production of plant-based sweeteners, extracts and flavors.
Layn and Wagott plan to consolidate R&D resources to launch more tea-based polyphenol products including those tailored to animal and pet nutrition.
Polyphenol-rich tea extracts are critical components of Layn’s TruGro animal and pet nutrition portfolio, including the producer’s functional feed ingredients targeted at poultry, swine and aquaculture production.
The European and Latin America are Layn’s priority markets in terms of its feed range. For the US market, Layn is more focused on growing its pet food ingredients portfolio.