Strix Group completed the acquisition of LAICA for €32m.

Strix Group, an Isle of Man-based company engaged in designing, manufacturing and supply of kettle safety controls and other components, completed the acquisition of LAICA, an Italian company focussed on water purification and the sale of small household appliances for personal health and wellness, for €32m. The acquisition will expand Strix's water category, enhance its presence in the health and wellness market and enable Strix to capitalise on the double-digit growth of global sales (in 2019) for both the small domestic appliance and water markets, driven by increased consumer demand.