Tecnoplast has acquired a 70% stake in PLG Milano, strengthening its position in the Italian windows and doors market while aiming for significant revenue growth.

Target Information

Tecnoplast S.p.A., a leading Italian company specializing in the production of PVC and aluminum windows and doors, has successfully acquired a 70% stake in PLG S.r.l., a retailer based in Cremona. PLG is known for its expertise in distributing PVC fixtures, shutters, blinds, and doors. Over its history, PLG has collaborated with more than 7,000 clients and installed over 50,000 fixtures, primarily in Northern and Central Italy. This acquisition marks a significant milestone in Tecnoplast's strategy for growth and consolidation in the Italian market.

With the integration of PLG, which will continue under the leadership of Luca and Sergio Piacentini, Tecnoplast aims to exceed a consolidated revenue of 100 million euros in 2024. This partnership will enhance Tecnoplast's market penetration in the northeast regions of Italy and leverage PLG's newly renovated headquarters, featuring a large internal showroom and a virtual rendering room to showcase Tecnoplast's product offerings effectively.

Industry Overview

The Italian construction and manufacturing sectors, particularly in the windows and doors segment, have demonstrated resilience and growth driven by a recovering economy and increased construction activities. The demand for energy-effici