Strix Group Plc , the AIM quoted global leader in the design, manufacture and supply of kettle safety controls and other complementary water temperature management components, provides an update ahead of its Annual General Meeting
At the meeting, Mark Bartlett, Chief Executive Officer of Strix, will make the following statement:
We are pleased to report an improved trading performance and can confirm that profit after tax for the full year remains in line with market expectations*.
“At our full year results, we highlighted that, following a period of uncertainty across a number of Strix’s key export markets, sales data in 2023 indicated some green shoots were appearing. I can report that this trend has continued with Group performance in Q2 improving versus Q1. We are continuing to receive increased frequency of orders from customers, albeit with smaller quantities as they manage their cash balances prudently.
“We also continue to make successful progress on the integration of Billi which is in line and remains on track with our plan for the full year. This is another step that will propel Strix into a new growth phase, further diversifying away from the core Kettle Controls business.
Alongside this, we are continuing to implement a range of strategic initiatives across the business which include a functional streamlining programme to minimise the impact of the ongoing headwinds Strix is facing.
We will prioritise debt reduction with a clear plan to get net debt / EBITDA to below 2.0x during 2023 and to below 1.5x during 2024. As capital allocation decisions prioritise this, the Board, as previously announced, has decided after reviewing the level of net debt to propose a final dividend of 3.25p per share which would represent a total dividend of 6.00p per share.”
Current profit after tax consensus for year ended 31 December 2023 is £25.8m
Category Archives: spare parts
Ever wonder what’s inside a robot vacuum?
Take Apart a Robot: Roomba i7 Robot Vacuum https://hubs.li/Q01G7-Md0
Have you ever wondered what’s inside a Roomba robot vacuum? Now’s the time to find out! RoboWeek

Collaboration agreement between Copreci and Ikerlan
The Ikerlan technology centre and Copreci (design and manufacture of components and systems for household appliances) have signed a technological collaboration agreement for the next four years that will allow the development of innovations in electronics, providing robustness, efficiency and maintainability requirements to the basic functionality. In addition, the products developed will integrate cybersecurity and artificial intelligence technologies that will result in products with greater added value, which are more resilient and user-friendly. “The agreement – Copreci explains – will enable technological development in the household appliance sector and includes the development of technology in the areas of electromagnetism, electrical machines and power electronics, for the design and integral development of small electric drives, motor control strategies, contactless charging systems for household appliances (Inductive Coupling Power Transfer) or induction heating systems for household appliances, among others”. This new alliance between Copreci and Ikerlan strengthens the close relationship that both entities have maintained for more than 45 years. Ikerlan has extensive experience in the development of cutting-edge technologies in electromagnetism and power electronics. It has also participated in various European research projects such as: the UltimateGaN project (based on gallium nitride semiconductors), Reaction (based on silicon carbide semiconductors for energy technologies) or InductIce (application for de-icing aircraft wings by means of induction heating).
DOMESTIC APPLIANCE FIRM BOUGHT BY PACIFICA GROUP
Kent-based domestic appliance repairs, sales and servicing firm has been bought by industry giant Pacifica Group.
From its premises in Sittingbourne, Autowash has a team of 11 engineers who provide appliance repair cover the to the Kent area, working with a number of high-profile manufacturers.
It supports insurance companies with policy-covered repairs and has contracts with councils, letting agents, housing associations and schools, as well as supporting local charities.
Autowash has been in business since 1985 and employs a total team of 20.
The acquisition is part of Pacifica’s local strategy; creating a network of regional repairers offering consumers and businesses access to directly employed engineers.
It partners with brands such as such as AEG, Zanussi, Electrolux, Sony, Hisense, Hoover Candy, Haier, Servis, Electra and LG, among others.
Autowash is the latest business to join Pacifica Group following its acquisition of Service 87 in Guildford, Highland Appliance Services in Inverness and JK Domestics in Liverpool all taking place in 2022
SCREWFIX ACQUIRES ASSETS OF CONNECT DISTRIBUTION SERVICES LIMITED
Screwfix, the UK’s leading omnichannel trade retailer and part of Kingfisher plc, today announces it has acquired the stock, intellectual property, contracts and fixed assets of Connect Distribution Services out of administration, for a cash consideration of £3 million, following the appointment of Alvarez & Marsal as administrators.
Connect Distribution Services Limited is the leading retailer of appliance spares, accessories and consumables to both tradespeople and consumers through digital and telephone channels.Screwfix will continue to operate the business as a going concern, acquiring its e-commerce platforms, stock, intellectual property and product data, with over 400 current Connect Distribution Services employees transferring to Kingfisher group.
Connect Distribution Services’ online trading brands, which include well-known sites such as eSpares, BuySpares, 4OurHouse and the Connect Trade Portal, will continue to operate as normal.
There are many opportunities for synergy, with both businesses serving B2B and B2C customers through leading digital and fulfilment platforms. Over time, Screwfix will explore opportunities to enable customers to Click & Collect orders through Screwfix’s convenient nationwide store network. There is also potential to generate synergies with other parts of the Kingfisher Group
Mike Denny, Alvarez & Marsal, Joint Administrator of Connect Distribution Services said: “We are delighted to have completed a sale of the majority of the business and assets of the CDSL group of companies to Screwfix, saving over 400 jobs. We wish the business every success under its new ownership.”
EU Commission: Is there a right to repairs
The European Commission Have adopted a new proposal for common rules to encourage the repair of electronic equipment. This should make it easier and cheaper to repair devices instead of replacing them, as the commission announced. Refurbed.at basically sees the move as the right signal, but the proposal in its current form unfortunately falls short of expectations, as the platform for remanufactured products says.
In recent decades, replacement of defective products has often been preferred to repair, and consumers have not been given sufficient incentives to have the goods in question repaired once the legal guarantee has expired, the EU Commission has criticized. The new proposal aims to make it easier and cheaper for consumers to have goods repaired instead of having them replaced. “In addition, higher demand will boost the repair sector and at the same time create incentives for manufacturers and sellers to develop more sustainable business models,” writes the EU Commission and continues: “The proposal will ensure
Five to ten years repairability
Customers should be able to request that manufacturing companies repair products that are technically repairable under EU law for a period of five to ten years . But of course there are no rules without exceptions at the European Commission either. This means that sellers are obliged to repair within the warranty period, “unless it is more expensive than an exchange,” it says.elektro.at HOME
EDITOR’S CHOICE
positive signal
EU Commission: Is there a right to repairs?
BACKGROUND | Stefanie Bruckbauer | 03/23/2023
The European Commission yesterday adopted a new proposal for common rules to encourage the repair of electronic equipment. This should make it easier and cheaper to repair devices instead of replacing them, as the commission announced. Refurbed.at basically sees the move as the right signal, but the proposal in its current form unfortunately falls short of expectations, as the platform for remanufactured products says.
In recent decades, replacement of defective products has often been preferred to repair, and consumers have not been given sufficient incentives to have the goods in question repaired once the legal guarantee has expired, the EU Commission has criticized. The new proposal aims to make it easier and cheaper for consumers to have goods repaired instead of having them replaced. “In addition, higher demand will boost the repair sector and at the same time create incentives for manufacturers and sellers to develop more sustainable business models,” writes the EU Commission and continues: “The proposal will ensure
Five to ten years repairability
Customers should be able to request that manufacturing companies repair products that are technically repairable under EU law for a period of five to ten years . But of course there are no rules without exceptions at the European Commission either. This means that sellers are obliged to repair within the warranty period, “unless it is more expensive than an exchange,” it says.
Companies should also provide information about which products they have to repair themselves. And: Citizens should be able to find out about repair services and points of sale for outdated goods on national mediation platforms.
The European Parliament and the EU states must now discuss the proposals and negotiate a compromise on the proposals. It may be some time before consumers really benefit from the project.
By the way: Of course, the environment should also be relieved by the project. Fewer discarded products naturally result in less waste and less material used in manufacturing. As a result, there are also fewer greenhouse gas emissions. It is estimated that 18.5 million tons of greenhouse gas emissions, 1.8 million tons of resources and 3 million tons of waste will be saved over 15 years.
Discarded products are often still usable goods that can be repaired, but are often thrown away prematurely, resulting in 35 million tonnes of waste, 30 million tonnes of wasted resources and 261 million tonnes of greenhouse gas emissions in the EU every year, according to the EU Commission. In addition, the loss consumers incur by choosing replacement over repair is estimated at nearly €12 billion per year.
Refurbed: “Basically a positive signal”
The online marketplace refurbed.at (which, according to its own statements, is committed to the development of a long-term circular economy) considers the initiative to be a “positive signal” for the development towards a sustainable circular economy.
Kilian Kaminski , co-founder of refurbed says: “The current linear model of production, consumption and waste processing is not sustainable – many of the resources we depend on are finite. Their exploitation brings us to the limits of our planet and destroys our livelihoods. To counteract this, the transition to a circular economic model, the circular economy, is necessary. The ‘right to repair’ is an essential milestone for this project. Because the repair and reuse of devices should not just be an option, but the new norm at European level. With a longer service life, fewer resources are used and fewer emissions are emitted.”Refurbed therefore calls for other elements to be considered in addition to the aspects of the proposal:
Consumers need the right information to make an informed purchasing decision. One possibility can be an EU repair score, which informs buyers whether a product can be repaired, how easy it is and what the costs are.
The repair sector is underdeveloped because it has never been a priority and this needs to change. Making repair the norm requires financial incentives that make repair affordable. This can be achieved through extended producer responsibility.
The principle of “repair before replacement” must be enshrined in law. The current proposal is not strong enough here. Products must be designed to be repairable – as long as manufacturers are allowed to replace damaged products when it is cheaper than repairing them, they will not adjust the design of their products. If repair is not possible, replacement should be made with a remanufactured item.
LG unveils vision for ThinQ smart home platform
LG Electronics said Monday it presented a blueprint for ThinQ, a platform brand that connects home appliances and consumer electronics with smart technology for higher efficiency, at the Connectivity Standards Alliance member meeting in Seoul.
Jung Ki-hyun, vice president of LG’s platform business center, attended the four-day event as a keynote speaker and shared the company’s vision for providing more consumer-friendly smart home services.
He outlined three core values of ThinQ: advancement, connectivity and openness.
“LG ThinQ will soon serve as a partner that enhances the lives of our consumers by creating a smart environment — whether that’s at work, home and on vacation — that is tailored to their lifestyles,” Jung said.
ThinQ users can enjoy heightened connectivity for LG home appliances by connecting ThinQ to the Internet of Things and other smart devices that enabled Matter, an Internet Protocol-based communications standard for smart home technologies.
In line with the global trend toward artificial intelligence-based service releases, LG looks to equip AI chatbot services and AI-based voice recognition technology to ThinQ.
It also hopes to propel ThinQ’s open innovation strategy by taking full advantage of the wide range of opportunities offered by AI. This includes providing support for virtual assistant software platforms such as Google Assistant and Amazon Alexa, which are gaining popularity across diverse consumer demographics.
“We are paving the way for the age of ambient computing. We will continue developing our AI technology and Internet of Things connectivity so our consumers can get the best smart home experience with ThinQ,” Jung said.
The CSA is an organization that drives collaboration in IoT by developing universal open standards that enable the connectivity and interaction of objects. It also specializes in the standardization of a protocol called Matter.
Alongside LG Electronics, this year’s event was attended by 134 members around the globe, including Apple, Amazon and Google.
Spare parts: LF becomes REPA Italia
Distributors in the supply of spare parts for professional kitchens LF, EPGC and GEV have undergone a total rebranding within the REPA group, becoming a single business. The three companies that form a division of Parts Town Unlimited, a leader in the distribution of parts for food service equipment, will be rebranded as REPA. For LF, the rebranding in REPA Italia strengthens the identity as part of an international group. REPA customers can count on the largest spare parts database in the sector and on the experience gained in over 40 years of presence on the market: from here derive some essential strengths such as rapid identification of spare parts, advanced logistics solutions and shipping times very fast.
“As a trusted partner of leading equipment manufacturers – comments Alexander Wiegand, CEO of the REPA Group -, the rebranding gives our customers access to even more spare parts in stock. On top of that, they will continue to enjoy the same benefits such as an easy-to-use webshop, mobile applications and a team of highly knowledgeable people who are always on hand to provide assistance should the need arise.” “Although part of the REPA Group since 2018 – adds Leonardo Raggi, CEO of REPA Italia -, the rebranding represents a key moment in the history of our company and further strengthens our position as a spare parts supplier”.
Copreci new factory
Copreci signed an agreement with local partners Fresh Electric, EBDA and El Araby to invest $7.6 million in the first plant in Egypt, which will produce 15 million safety valves for gas stoves. This new plant will start serial production in April 2023. This new plant will be added to those already established worldwide and will enable the company to expand its product portfolio in the region, an increasingly interesting market.
Egypt has 105 million inhabitants and an annual growth of 3 million people, a country that is moving towards industrial modernization, where the white goods sector is a priority in this development.
Copreci has been working for many years and has been the reference for gas stove solutions in Egypt. Now, hand in hand with its local partners, it is taking a further step to provide local support for the technical and growth challenges faced by companies in the domestic appliance sector in the country
Parts Town
PT Holdings, the parent company of Parts Town, a global leader in high-tech distribution of foodservice equipment parts, residential appliance parts, HVAC parts, and related products, today unveiled its new brand, Parts Town Unlimited. In addition, the company has announced a number of organizational changes to further accelerate growth and innovation. Parts Town Unlimited includes 45 unique brands across multiple divisions with nearly $2 billion in annual revenue and over 4,500 team members worldwide. The group is primarily focused on high-tech distribution of mission-critical replacement parts and related products.
The reorganization will support Parts Town Unlimited’s growth strategy, which includes a rapidly expanding product offering and global reach. The company will continue to emphasize digital leadership, operational excellence, and long-term high integrity partnerships, supported by its relentless focus on core values, people, and culture.https://www.partstown.com/about-us/pt-holdings-rebrands-as-parts-town-unlimited-announces-leadership-organizational-changes
