Kettle controls maker on the boil with £190m float
Kettle safety controls manufacturer and supplier Strix Group has completed its £190m equity fundraising and listing on the Alternative Investment Market.
Established in 1982, Isle of Man-based Strix designs, manufactures and supplies kettle safety controls and other water temperature management components. The company sold 174 million kettles worldwide in 2016 – a 38% global market share.
Strix's latest financial results show a turnover of £88.7m in 2016, up from £79.9m the year before. The business employs more than 750 st... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
