Strix Group offers $1.3m for some of Halosource's China, US assets

Kettle safety controls manufacturer Strix Group said on Thursday that it has offered to buy certain US and Chinese assets from Halosource for $1.3m in cash.

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The AIM-listed company, which also makes water temperature management components, said the assets will assist in accelerating its strategy to expand and grow its water filtration division.

The acquisition is subject to the negotiation of mutually acceptable legal documentation and the approval of Halosource shareholders, among other things.

Halosource is a clean water technology trading company with operations in the US and China.

Strix said it will make a further announcement in due course.

At 1500 GMT, the shares were down 0.6% to 154.20p.