BASF and Ingredi, a Chinese provider of natural active ingredients and solutions for the personal care industry, announce the signing of a partnership that includes a strategic stake by BASF in Ingredi.
While traditional Chinese medicine (TCM) offerings are known to many consumers, the use of plant-based active ingredients from TCM is a new and growing trend in the body care industry.
Founded in 2017, Ingredi specializes in the identification of new active ingredients for personal care products, derived from natural plants from the Himalayan region of China. BASF brings its expertise to help with the successful use of these ingredients in personal care formulations. BASF will market these products to customers around the world.
Ingredi has a proven track record and built a solid reputation among local and international personal care product formulators by introducing new active ingredients based on this tradition. Relying on a solid R&D platform and its own testing facilities (in vitro and in vivo), Ingredi quickly expanded its activities. BASF's stake in the capital now allows Ingredi to further expand its production.
In addition, BASF will work with Ingredi to develop new solutions and market them in the global personal care products market.
"It is a great honor for us to be appreciated by BASF as a valuable partner for the industry," said Dr. Ji Zhou, President and Founder of Ingredi, China. The partnership with BASF will allow us to benefit from BASF's industry knowledge and know-how."
"We strive to bring innovative new solutions to the personal care market and create a network of partners who can help our customers," said Dr. Robert Parker, Director of New Business Development and Chief Digital Officer, Care Chemicals, at BASF. We are proud to work with Ingredi and grow our business for mutual benefit."
The partnership between BASF and Ingredi is just one recent example of how BASF's Care Chemicals division is meeting the challenges of the future. Sustainability, digitalization, innovation and new collaborative approaches are the main pillars of Care 360° – Solutions for Sustainable Life.