In&Out Group, headquartered in Grottaglie (TA) and a leading Italian manufacturer of insect screens, shutters, and window accessories, has signed an agreement to acquire the Pinto Group, a key player in the aluminum and PVC roller shutter industry.

Founded by Angelo L'Angellotti, In&Out has over 35 years of experience. Originally established in Grottaglie (TA) as Zanzar, specializing in window screening solutions, the company has progressively expanded its product range to include roller shutters, headboxes, external solar shading systems, technical and decorative drapery, pergolas, and blackout solutions This growth has been driven by a strategic acquisition approach, establishing In&Out as a national leader with 14 facilities across Italy. The company is also enhancing its international presence, with exports now representing around 20% of total revenues. In&Out’s growth has accelerated since November 2021, following the entry of 21 Invest, the European investment group founded by Alessandro Benetton, which has bolstered both organic and external expansion through acquisitions of Palagina, Proline, and Pasini.

The Pinto Group, established by Giuseppe Pinto along with his sons Angelo and Nicola, operates out of Polla (SA), Fidenza (PR), and Mediglia (MI) and is a leading entity in the aluminum and PVC roller shutter industry. The group's portfolio also includes various shading solutions, with a strong emphasis on innovation in thermal and acoustic insulation, air flow management, light control, and design. Prior to its acquisition by In&Out, Pinto had strategically expanded its market presence through the acquisitions of Bolis Carlo, a producer of insect screens for the large-scale retail channel. In 2023, the Pinto Group achieved a consolidated revenue exceeding 105 million euros and employed around 400 staff members.

This new acquisition, the fourth since November 2021, marks a crucial strategic move for In&Out, further strengthening its position as a 'one-stop-shop' for window systems and consolidating its market leadership. Angelo and Nicola Pinto, current partners in the Pinto Group, will retain their operational roles and continue to contribute to the development of solar shading solutions within In&Out. The Pinto brothers will also become partners in In&Out, in synergy with 21 Invest and Angelo L’Angellotti.

In 2024, thanks to the integration of Pinto, the In&Out Group expects to reach revenues of approximately €270 million, with revenue growth of more than threefold and an increase in employment of around 190% compared to the time of 21 Invest's entry.

Angelo L’Angellotti, founder of the In&Out Group, commented: “We are thrilled to welcome Pinto, a company renowned for its excellence, into the In&Out Group. With this acquisition, we continue to realize the In&Out project, aimed at creating a one-stop-shop for window systems. The integration of our group with the Pinto Group marks a historic moment for the industry, and we are honored to write this important chapter alongside the Pinto family.”

Antonio Anastasia, CEO of the In&Out Group, commented: “We are delighted that a company of Pinto's high caliber has chosen to be part of our project. We are confident that by working together as an integrated team, we will accelerate the growth path initiated by Angelo and Nicola Pinto, capitalizing on the many synergies between our businesses."

Angelo and Nicola Pinto, partners and directors of the Pinto Group, stated: “We are thrilled to be part of this sector consolidation project, supported by 21 Invest, alongside our entire team. We are eager to contribute to the growth, not only of the Pinto Group, but also of In&Out's broader activities in the shading solutions segment."

Alessandro Benetton, Chairman and Founder of 21 Invest, concluded: “In&Out perfectly embodies the type of entrepreneurial story that inspires us at 21 Invest. From its humble beginnings as a small artisanal business in Puglia, the company, through strategic vision and determination, is emerging as a market leader in Italy and is well-positioned for international growth. This journey is creating significant value in terms of both growth and employment, with a solid presence supported by its facilities across Italy.”