Announced
Financials
Tags
Friendly
Cross Border
Private Equity
Australia
Pending
Single Bidder
filtered water systems
water taps
Acquisition
Household Equipment and Products
Majority
Private
Synopsis
Strix Group, a provider of kettle safety controls and other components, agreed to acquire Billi, a brand in Australia for the supply of premium instant boiling, chilled and sparkling filtered water systems, from Castik Capital-backed Waterlogic, an innovative designer, manufacturer, distributor and service provider of drinking water dispensers, for $43m. Until completion of the divestiture, Billi will continue to operate business as usual, delivering exceptional service for customers, supporting their teams, and executing on their 2022 operating plans.
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