Temple-Inland, Inc. was an American corrugated packaging and building products company. It was acquired by International Paper in 2012.

In 1973, Time, Inc. acquired Temple Industries, Inc., merging it with Eastex Pulp and Paper Company to form Temple-Eastex, Inc. Time Inc. had entered the forest products business in 1952 with the purchase of 500,000 acres of timberland in East Texas.

In 1983, Temple-Eastex, Inc. and Inland were spun off and combined into Temple-Inland, Inc. At the time, the companies accounted for $1.1 billion () in revenues for Time, equivalent to 32 percent of Time Inc.'s consolidated revenues of $3.6 billion () in 1982. At the time it was reported that the Joe C. Denman Jr., chief executive of Temple-Eastex, and Clinton G. Ames Jr., chief executive of Inland Container, would continue as the chief executives of the entities under the new Temple-Inland which was headed up by Clifford J. Grum. Grum was executive vice president of Time Inc. and became the chief executive officer of the new company, which was based in Diboll, Texas. Grum retired in 2000.

In 2002, the company acquired the Gaylord Container Corporation. Gaylord engaged in the integrated production, conversion, and sale of brown paper-packaging products and manufactured corrugated containers, corrugated sheets, and containerboard.

2007 spin-off

In November 2007, Temple-Inland announced that it planned to separate itself into three stand-alone public companies and sell its timberlands by the end of 2007. Shareholders in the company would eventually receive stock in all three companies depending on the amount owned on the day the company split up. The three companies were:

  • Temple-Inland Inc.
  • Guaranty Financial Group Inc.
  • Forestar Real Estate Group Inc.

Temple-Inland Inc.

Temple-Inland Inc. became a manufacturing company focused on corrugated packaging and building products. The vertically integrated corrugated packaging operation consisted of five linerboard mills, one corrugated medium mill and sixty-four converting facilities. The mills produced 3.5 million tons of containerboard per year and the converting facilities produced 3.6 million tons of corrugated packaging per year. The building products operations manufactured a variety of building products for new home construction, commercial and repair and remodeling markets.

Forestar Real Estate Group Inc.

Forestar Real Estate Group Inc. became a dual business operating company focusing in two business segments: real estate and natural resources. The real estate segment owns directly or through ventures about 374,000 acres of real estate located in nine states and twelve markets in the U.S. The real estate segment has 24 real estate projects representing about 27,000 acres currently in the entitlement process and 75 active development projects in seven states and 11 markets encompassing approximately 17,000 acres. These are 30,000 residential lots and 1,900 commercial acres. The natural resources segment manages about 622,000 net acres of oil and gas mineral interests, sells wood fiber from its land primarily located in Georgia, and leases land for recreational uses.

2012 sale

rightIn 2012, International Paper, through the merger of its wholly owned subsidiary Metal Acquisition Inc. with and into Temple-Inland, acquired Temple-Inland in a deal valued at $4.5 billion. Temple-Inland then became a wholly owned subsidiary of International Paper. At the time of sale, Temple-Inland's corrugated packaging operation consisted of 7 mills and 59 converting facilities as well as the building products operation.

Environmental record

In 2002, researchers at the University of Massachusetts Amherst identified Temple–Inland as the 24th-largest corporate producer of air pollution in the United States. Major pollutants reported by the study included acrolein, manganese compounds, sulfuric acid, formaldehyde, and acetaldehyde. Temple-Inland did not appear on the 2010 PERI Toxic 100 Air Polluters report.

See also

  • International Paper
  • Forestar Real Estate Group Inc.
  • Guaranty Financial Group Inc.
  • Gaylord Container Corporation

References

  • Company web site
  • Yahoo.com company profile
  • Answers.com company profile