Strix Group Plc has acquired LAICA S.p.A
Zeus Capital acted as Lead Financial Adviser to Strix Group Plc on its €31.6 million acquisition of LAICA S.p.A
|Global M&A Offices||
Zeus (Global M&A United Kingdom)
|Global M&A Advisory||Advisor to the buyer|
Strix Group Plc (LON:KETL), the AIM quoted global leader in the design, manufacture and supply of kettle safety controls and other complementary water temperature management components.
The LAICA business
LAICA is based in Vicenza, Italy and has been operating for over 40 years. The business has developed from a small domestic appliances business (predominately kitchen scales in the earlier years) in Italy, into an internationally renowned water treatment and small appliances company.
Over the last ten years, LAICA has expanded in Europe and Asia and created an international sales network with products now being sold on five continents. LAICA has a manufacturing site at its base in northern Italy and additional manufacturing capabilities in China. It currently employs 50 staff. LAICA’s current product range comprises two main areas:
– Water treatment: Water jug filters, filter replacements, water dispensers, bottle filters and filters for coffee machines; and
– Health and wellness appliances: Personal care, vacuum sealers and kitchen appliances.
In 2018, LAICA signed a joint venture agreement with XINBAO as a partner for distribution of LAICA’s entire filter device range to the China domestic market.