On Air Now More Music 2:00am - 8:00am Email
Now Playing Anti-Hero Taylor Swift Download

Strix in £190 million flotation

One of the Island's best-known engineering companies is to float on the stock market.

Strix, based in Ballasalla, designs and manufactures kettle safety controls - accounting for almost 40 per cent of the world market.

The company says it wants to float on the Alternative Investment Market to raise around £190 million.

Chief executive Mark Bartlett says admission to the market will take place on August 8, and will allow the business to expand in its existing and new markets.

More from Isle of Man Business

Recently Played

Listen Live Listen