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... For the full story register now for free or login below...
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