# DS Smith to acquire 80% of Interstate Resources for $920M

UK-listed DS Smith signed a conditional agreement to acquire 80% of US corrugated packaging business Interstate Resources from Merpas for $920 million, assuming about $226 million of debt.

- Type: Acquisition
- Announced: 2017-06-29
- Where: East coast, United States
- Value: $920.0M
- Jobs: 200
- Status: announced
- Products: corrugated packaging, paper products
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [DS Smith](https://endata.com/companies/221.md) (acquirer)
- [Interstate Resources](https://endata.com/companies/1244.md) (partner)
- [Interstate Resources](https://endata.com/companies/1244.md) (target)
- [Merpas](https://endata.com/companies/1679.md) (partner)
- [Indevco Management Resources](https://endata.com/companies/1690.md) (target)

## Sources

- [packaging-gateway.com](https://www.packaging-gateway.com/news/ds-smith-to-acquire-80-of-us-packaging-firm-interstate-resources-for-920m-5857498/), 2017-06-29: "UK-listed DS Smith has entered a conditional agreement to acquire 80% of US corrugated packaging business Interstate Resources for $920m."
- [bryancountynews.com](https://www.bryancountynews.com/news/business/impact-of-corporate-move-on-riceboro-mill-unclear/), 2017-07-03: "the company is paying $920 million for an 80 percent interest in Indevco Management Resources Inc."
- [recyclingtoday.com](https://www.recyclingtoday.com/news/ds-smith-interstate-resources-uk-us-paper-recycling/), 2017-07-04: "the seller of the 80 percent IMRI share is Merpas Co. S.à r.l., a Luxembourg-based holding company that will receive $920 million (€809 million) if the deal is completed."
- [packaging-gateway.com](https://www.packaging-gateway.com/features/junes-top-stories-cortec-to-introduce-corrosion-protection-boxes-ds-smith-to-acquire-80-of-interstate-resources-for-920m-5861163/), 2017-07-04: "UK-listed DS Smith entered a conditional agreement to acquire 80% of US corrugated packaging business Interstate Resources for $920m."
- [accountsexamples.com](https://accountsexamples.com/ias-34-para-16a-i-certain-acquisition-disclosures-share-consideration/), 2017-10-31: "On 29 June 2017, the Group entered into a conditional agreement to acquire an 80% interest in Indevco Management Resources Inc. (IMRI)"

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