Grifal S.p.A. designs, manufactures and supplies customized protective packaging solutions and related machinery in Italy, Europe and internationally. Founded in 1969 and headquartered in Cologno al Serio, Italy, the company offers corrugated cardboard packaging; cushion paper products including proprietary brands Mondaplen and cArtù; resin bonding technologies; Inspiropack cushioning systems; custom-designed packaging for industries such as appliances, wine, geotecnics and consumer goods; laboratory testing and certification services including ISTA standards for drop, vibration, compression and climatic tests; and corrugating, resin gluing and packaging automation machines through subsidiary Tieng S.r.l. Grifal serves B2B customers with environmentally sustainable, recyclable materials focused on replacing plastics and polystyrene. A subsidiary of G-Quattronove S.r.l., it operates production sites in Italy, Romania and Portugal. Recent developments include securing €1.6 million ERDF funding in July 2024 for cArtù production expansion in Portugal; issuing a €6 million minibond in June 2024; adopting Organizational Model 231 and Code of Ethics in February 2025; reporting stable FY2024 revenues of €37.7 million with 15% cArtù growth and H1 2025 value of production up 3.5% to €22.2 million; appointing Intesa Sanpaolo as specialist and MIT SIM as Euronext Growth Advisor in 2024; and publishing its 2023 Sustainability Report in October 2024 highlighting reduced energy and water use plus increased waste recycling.