UNION PLAST TEAMS UP WITH VOLPATO INDUSTRIE

UNION PLAST, A COMPANY WITH ALMOST 50 YEARS OF EXPERIENCE IN THE PRODUCTION OF ACCESSORIES AND COMPONENTS FOR FURNITURE, JOINS VOLPATO INDUSTRIE, A LEADING PLAYER IN THE BUSINESS OF COMPONENTS AND ACCESSORIES FOR KITCHEN, BATHROOM, LIVING, AND BEDROOM FURNITURE. THIS PARTNERSHIP FURTHER EXPANDS THE GROUP’S “MADE IN ITALY” OFFERING AND ENSURES A NEW GROWTH PHASE FOR BOTH ENTITIES.

Treviso, April 7, 2025 – Mr. Renzo Bariviera, majority quotaholder of Union Plast S.r.l. (“Union Plast”), the Italian company which is engaged in the production of accessories and components for furniture, disposed his stake to Volpato Industrie S.p.A. (“Volpato Industrie”), a leading player in the business of components and accessories for kitchen, bathroom, living and bedroom furniture. As part of the agreement between the parties, second-generation representatives Elisa Bariviera, who will join the Board of Directors of Union Plast, and Riccardo Bariviera will retain a stake in the company and remain actively involved in the management of the business, supporting the new phase of development that will drive Union Plast’s further expansion.

Union Plast, founded in 1976 and based in Cimadolmo (Treviso, Italy), is engaged in the production of components and accessories for furniture. With a manufacturing facility of over 10,000 sqm, the company produces more than 17 million kitchen legs and 2.5 million meters of plinths per year.

Thanks to its fully in-house design development, Union Plast has distinguished itself over the years for its solutions tailored to customer’s needs. Its international geographic reach (export > 75%) is testified by its presence in over 60 countries worldwide. Committed to ESG principles, the company annually produces 364 MWh of clean energy and recycles 1,500 tons of plastic materials per year. In 2024, Union Plast generated ca. € 10 M sales and it employed over 30 employees.

Volpato Industrie, founded in 1974 and based in Spresiano (Treviso, Italy), is a leading player in the business of components and accessories for kitchen, bathroom, living, and bedroom furniture. The group ensures a comprehensive offering thanks to its production technologies, which include injection moulding, extrusion of thermoplastic materials, profile wrapping, aluminium coil processing, fine machining on aluminium profiles and parts, metal surface treatments, anodising, and the manufacturing of mirrors for the furniture industry. Volpato Industrie operates a 63,000 sqm facility, manufacturing over 30 million plastic legs and more than 20,000 kilometers of plinths per year. With a strong international presence and exports accounting for over 60% of its revenues, Volpato Industrie distributes its products in more than 60 countries worldwide. In 2024, it generated consolidated revenues of ca. € 90 M and it employed over 300 people.

After ca. 50 years of activity, Mr. Renzo Bariviera decided to reinforce the organisation, joining a vertically integrated Italian group which boasts a complementary offering in terms of product expertise, geographic focus and distribution strategy, while also facilitating the generational transition and ensuring a new phase of development for the company, aimed at expanding into new geographies and distribution channels by leveraging the group’s synergies.

Mr. Renzo Bariviera, founder of Union Plast and current sole director, commented: “I would like to thank all of my collaborators for the outstanding results achieved over the years, and I am pleased that they will have the opportunity to join Volpato Industrie, the ideal partner that, thanks to its product know-how, commercial strength, and solid financial structure, will support the next phase of growth of Union Plast. I am confident that Antonio and Edoardo Billotto, together with their team, supported by Elisa and Riccardo Bariviera, who have now been part of the management team for over a decade, will significantly expand the business in the coming years, leveraging an exceptional organization with a strong entrepreneurial spirit and industrial expertise. I wish them all the best for the future!”

Elisa Bariviera, who will retain a stake in the company and join the Board of Directors of Union Plast, added: “I will continue to support the business and oversee the financial department, maintaining a stake in Union Plast and focusing on the growth of the business and of the organization. I look forward to embarking on a new phase of growth that will be highly motivating and inspiring for all our collaborators. I am confident that, together with the team of Volpato Industrie, we will achieve great results by introducing innovative products, entering new markets and expanding into new geographies, while also driving forward the ESG policies that Union Plast has been actively implementing for many years now.”

Edoardo Billotto, current CEO of Volpato Industrie and future CEO of Union Plast, concluded by stating: “With the integration of Union Plast into the Volpato Group, we take another step forward in our industrial development project, aimed at integrating complementary and high-performing businesses. This acquisition represents a great opportunity to continue creating value through the synergistic enhancement of know-how, technologies, and resources, strengthening our leadership in the industry.”

The quotaholders of Union Plast were supported by BF & Company as exclusive financial advisor, with a team made up of Alessandro Zanatta (Vice President) and Gianmarco Barbini (Junior Analyst), on valuation and negotiation matters and in the coordination of the due diligence process.

Studio BCL of Treviso, with a team led by Luigi Butera (Partner), acted as legal advisor, providing assistance on contractual and legal matters.

Dr. Lodovico Tommaseo Ponzetta (Partner) handled the tax aspects of the transaction.

Grab Italia, with a team led by Roberto Vendramin (Partner), provided support on business and management control matters.

Volpato Industrie, under the supervision of the Group CFO Mauro Sartena, was supported by Adacta Advisory for financial matters, with a team made up of Francis De Zanche (Partner), Alessio Fiorese (Senior Consultant), and Elena Basso (Consultant).

Adacta Tax & Legal acted both as legal advisor, providing assistance on contractual and legal matters in the due diligence process, with a team made up of Riccardo Carraro (Partner), Alberta Lazzari (Senior Associate), and Fabio Ferrari (Associate), and as tax advisor, handling the structuring of the transaction and the tax aspects in the due diligence process, with a team made up of Giulia Gionfriddo (Partner), Stefano Gatto (Partner), and Irene Menegon (Senior Associate).

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Union Plast S.r.l.

Union Plast, founded in 1976 and based in Cimadolmo (Treviso, Italy), is engaged in the production of components and accessories for furniture. With a manufacturing facility of over 10,000 sqm, the company produces more than 17 million kitchen legs and 2.5 million meters of plinths per year.

Thanks to its fully in-house design development, Union Plast has distinguished itself over the years for its solutions tailored to customer’s needs. Its international geographic reach (export > 75%) is testified by its presence in over 60 countries worldwide. Committed to ESG principles, the company annually produces 364 MWh of clean energy and recycles 1,500 tons of plastic materials per year.

www.unionplast.it