Grifal S.p.A. (BIT:GRAL) signed a binding agreement to acquire Cornelli Brand Packaging Experience Srl from Cornelli Srl for €1.3 million on February 15, 2021. Grifal S.p.A. will pay €0.85 million in cash at closing and will issue 0.16 million shares as consideration. Guido Tisi, Francesca Ghezzi and Marilena Rota of Studio BNC & Associati and NCTM Studio Legale Associato acted as legal advisor to Grifal. AmbroMobiliare acted as financial advisor in this transaction. Stefano Barone and Chiara Gandini of Belluzzo & Associati acted as legal advisor to Cornelli Srl. Grifal S.p.A. (BIT:GRAL) completed the acquisition of Cornelli Brand Packaging Experience Srl from Cornelli Srl on April 1, 2021. Following the completion of the transaction, Andrea Cornelli, formerly a member of the Board of Directors of Grifal, assumed the position of Vice President of Grifal and Chief Strategist and Innovation Officer, as well as Chief Executive Officer of CBPE.