In&Out accelerates growth: fourth strategic acquisition with Pinto, surpassed 270 million in sales and expanded range of products offered
With the acquisition of the Salerno-based company Pinto, the In&Out Group, part of 21 Invest's portfolio since November 2021, reaches a total turnover of about 270 million euros, consolidating its leadership in the field of insect, sun, security and home comfort screens, further expanding its range of products for the window hole.
Treviso, Sept. 09, 2024-The Grottaglie (TA)-based In&Out Group, Italy's leading manufacturer of mosquito nets, shutters and window-hole accessories, has signed an agreement to acquire the Pinto Group, which operates in the aluminum and PVC roller shutter sector. Founded by Angelo L'Angellotti, In&Out has more than 35 years of experience. Originally founded in Grottaglie (TA) with Zanzar and specializing in the production of mosquito nets, the company has gradually expanded its product portfolio to include roller shutters, shutter boxes, external screens, technical and furnishing blinds, pergolas and blackout blinds. This development has been driven by a strategy of targeted acquisitions that have transformed In&Out into a leading national group with 14 factories throughout Italy. In&Out is also strengthening its international presence, with exports now accounting for about 20 percent of total sales. The Company's growth path has been accelerated by the entry of 21 Invest, a European investment group founded by Alessandro Benetton, in November 2021, which has added to organic growth by external lines, with the acquisition of Palagina, Proline and Pasini. The Pinto Group, founded by Giuseppe Pinto and his sons, Angelo and Nicola, and with offices in Polla (SA), Fidenza (PR), and Mediglia (MI), is a major player in the aluminum and PVC roller shutter industry. Its offerings also include other shading solutions, with a strong focus on innovation in thermal-acoustic insulation, airflow management, light management, and design. Prior to the acquisition by In&Out, Pinto had already expanded its scope through the acquisition of Bolis Carlo, which specializes in roller shutter accessories, and Medal, a company active in the production of mosquito nets for the large-scale retail channel. In 2023, the Pinto Group had a consolidated turnover of more than 105 million euros and about 400 employees. This new acquisition, the fourth since November 2021, represents a crucial strategic step for In&Out, which further strengthens its position as a "one-stop-shop" for the window hole, consolidating its market leadership. Angelo and Nicola Pinto, current partners in the Pinto Group, will retain their managerial roles and expand their responsibility in the development of solar shading within the In&Out Group. The Pinto brothers will also become partners in In&Out, in synergy with 21 Invest and Angelo L'Angellotti.
By 2024, thanks in part to the integration of Pinto, the In&Out Group expects to reach sales of about 270 million euros, with more than three times the growth in sales and an increase in employment of about 190 percent compared to the time of the entry of 21 Invest.
Angelo L'Angellotti, founder of In&Out Group, comments, "We are thrilled to welcome a reality of excellence like Pinto to the In&Out Group. With this acquisition, we continue to realize the In&Out project, which aims to create the one-stop-shop of the hole window. The integration between our Group and the Pinto Group represents a historic moment for the industry, and we are honored to write this important page together with the Pinto family."
Antonio Anastasia, CEO of In&Out Group, adds, "We are happy that a reality of excellence like Pinto has chosen to join our project. We are confident that, working as an integrated team, we will be able to accelerate the growth path initiated by Angelo and Nicola Pinto, taking advantage of the many opportunities for synergy between our companies."
Angelo and Nicola Pinto, partners and directors of the Pinto Group, comment, "We are excited to become part of this industry consolidation project, supported by 21 Invest, together with our entire team. We look forward to contributing to the development, not not only of the Pinto Group companies, but of all In&Out's activities in the segment of shading solutions."
Alessandro Benetton, Chairman and Founder of 21 Invest, concludes, "In&Out represents exactly the kind of entrepreneurial story we are passionate about at 21 Invest. Starting out as a small artisan business in an Apulian town, thanks to strategic vision and determination, the company is establishing itself as a leader in Italy and proving that it has all the right cards to grow abroad as well. This path is generating value in terms of growth and employment, with an increasingly deep-rooted presence thanks to factories distributed throughout Italy."