Guilin Layn Natural Ingredient Corp, Ltd. (Layn), a vertically-integrated innovator of natural botanical extract ingredients and solutions, announced it has expanded its botanical extract portfolio through a majority acquisition of Chengdu Wagott Bio-tech Co.,Ltd. (Wagott), China’s largest exporter of green tea extract, and leading producer of tea and resveratrol extracts.
 
In an agreement finalized Oct. 13, 2020, Layn acquired 51% ownership of Waggot. The purpose of this equity acquisition is to integrate and leverage the industry's leading resources, combining intellectual property and advantages in talent, management, products, processes, and industry relationships to deliver increasing compelling value to customers. Layn provides ingredients and formulation guidance to some of the world’s leading brands in food, beverage, flavor, nutraceutical, personal care, animal nutrition and pet health.
 
For 25 years, Layn has earned a solid reputation as a leader in agronomy, botanical R&D, testing, manufacturing and innovation. The arrangement with Wagott is in line with Layn's long-term strategic planning and marks a significant milestone in its sustained commitment to innovation and leadership in quality botanical extract production and delivery.
 
According to published data in 2019, Wagott’s green tea extract export value ranks first, and it is a leading company in the field of green tea and resveratrol (from giant knotweed) extract in China. 
 
The Layn and Wagott product lines are highly complementary, and with the integration of advanced capabilities, technology, equipment and world-class talent, Layn will continue to advance its global botanical leadership, particularly in providing scientifically-backed active ingredients including polyphenols（EGCG, theaflavins, resveratrols, etc.), theanine, and others.
 
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