# Grifal acquires Cornelli's corrugated cardboard packaging division in Cremona

Italian packaging group Grifal agreed to acquire 100% of a newco receiving the operating division of Cornelli, which makes corrugated cardboard boxes and branding for packaging, in a deal stated as EUR 1.257 billion.

- Type: Acquisition
- Announced: 2021-02-26
- Where: Cremona, Italy
- Value: $1.52B (1.26B EUR)
- Status: completed
- Products: corrugated cardboard boxes, cArtù and cushionPaper packaging lines, packaging branding design
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Grifal](https://endata.com/companies/7657.md) (acquirer)
- [Cornelli](https://endata.com/companies/7658.md) (target)

## Sources

- [packmedia.net](https://www.packmedia.net/node/8622), 2021-02-26: "The €1.257 billion deal will enable the group to accelerate its growth."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.