Pratic Spa and StellaGroup enter into exclusive negotiations for a merger.
Pratic, based in Fagagna (Friuli) in northern Italy, until now owned and managed by Edi and Dino Orioli, the founder’s sons, has entered into exclusive negotiations to join StellaGroup. The takeover remains subject to antitrust approvals.
Pratic is specialized in the design, manufacture and marketing of pergolas and awnings for more than 60 years. The company is the leader in pergolas in Italy and generates 40% of its sales abroad. PRATIC is a recognized brand that embodies the quality of its products and services to a customer base of professional installers.
In 2022, Pratic achieved a turnover of over €80 millions. They employ 300 people and rely on a program of industrial excellence from an ultra-modern production site.
StellaGroup and Pratic’s ambition, through this merger, is to become one of the European leaders in the outdoor and sun protection business.
Already a major player in Europe, StellaGroup is present in France, Germany, The Netherlands, Great Britain and now in Italy through 15 subsidiaries. Structured around three Business Units – Window Closure, Access, Outdoor – StellaGroup achieved a turnover of 642 million Euros in 2022 and employs 2,500 people.