DS Smith acquired 80% interest in Indevco Management

DS Smith Plc announced that it, along with its wholly-owned U.S. subsidiary, DS Smith Holdings Inc., has entered into a conditional agreement to acquire 80% of the total issued share capital of Indevco Management Resources, Inc., the holding company for the Interstate Resources, Inc. group, from Merpas Co. S.à r.l. for consideration of $920m.