BASF and Ingredi, a China-based supplier of natural actives and solutions for the personal care industry, entered a partnership, including a strategic equity investment into Ingredi by BASF.
WHO: Rooted in Yunnan, southwest China—a region dubbed the Kingdom of Flora, well-known for its rich biodiversity—Ingredi is specialized in extracting high-performance botanical ingredients from Pan-Himalaya regional species for the personal care industry. Founded in 2017, Ingredi offers functional, active ingredients based on the integration of cultivated native plants, indigenous practices, and cultures in the region, bringing the industry new marketing perspectives. Its business also supports local communities by cultivating native plants for sustainable sourcing.
The BASF division Care Chemicals offers a broad range of ingredients for personal care, home care, industrial & institutional cleaning, and technical applications. The division's high-performance product portfolio includes surfactants, emulsifiers, polymers, emollients, chelating agents, cosmetic active ingredients, and UV filters.
WHY: The equity investment will allow Ingredi to expand its production capacity and bring new solutions to the market. While many consumers know the Traditional Chinese Medicine (TCM) market, the use of plant-based actives with a TCM background is a new trend in the personal care industry and continues to grow fast.
IN THEIR OWN WORDS: "It is a great honor for us to be recognized by BASF as such a valuable partner for the industry," said Dr. Ji Zhou, Chairman and founder of Ingredi. "The partnership with BASF will enable us to benefit from BASF's experience in the industry and profit from each other's knowhow."
"We are committed to deliver new innovative solutions to the personal care market, and to build an ecosystem of partners that can support our customers," said Dr. Robert Parker, Director of New Business Development and Digital Officer, Care Chemicals at BASF. "We are proud to collaborate with Ingredi developing their business with mutual benefits together."
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