Kitchen equipment producer Middleby has acquired packaging systems manufacturer CVP Systems.

Both companies involved in the transaction are based in the US.

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DS Smith has entered a conditional agreement with Merpas to acquire a majority stake in Interstate Resources.

The US-based target company is a packaging firm, while the acquirer company is a corrugated cardboard maker based in the UK.

"DS Smith has entered a conditional agreement with Merpas to acquire a majority stake in Interstate Resources."

The purchase consideration for the acquisition is $920m.

Under the agreement, DS Smith and its US subsidiary DS Smith Holdings will gain an 80% stake in Indevco Management Resources, the holding company of the Interstate Resources group (IRI).

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DS Smith will also be able to acquire the remaining 20% interest in the next five years.

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Nominations are now closed for the Packaging Gateway Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

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