Temple-Inland

Temple Inland, Inc.
Subsidiary of International Paper
Industry Pulp and paper
Founded 1983
Headquarters Austin, Texas, U.S.
Area served
 Worldwide
Key people
 Doyle R. Simons
(Chairman and CEO)
Revenue Increase US$3.79 billion (2010)
Decrease US$168 million (2010)
Total assets Increase US$5.9 billion (2010)
Total equity Increase US$929 million (2010)
Number of employees
 10,500 (2010)
Website Temple-Inland.com

Temple-Inland, Inc. is an American corrugated packaging and building products company. It is a subsidiary of International Paper.

History

In 1973, Time, Inc. acquired Temple Industries, Inc., merging it with Eastex Pulp and Paper Company to form Temple-Eastex, Inc. In 1978, Inland became part of Time, Inc. and in 1983, the companies were spun off as Temple-Inland, Inc.

In 2002, Inland acquired the Gaylord Container Corporation.

In 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 company spun off its real estate operations as Forestar Group and its financial services business as Guaranty Bank. Guaranty Bank failed in 2009; its assets were acquired by BBVA Compass.

International Paper acquired Temple-Inland in 2012.[1]

Environmental Record

Researchers at the University of Massachusetts Amherst have identified Temple–Inland as the 24th-largest corporate producer of air pollution in the United States in 2002.[2] Major pollutants reported by the study included acrolein, manganese compounds, sulfuric acid, formaldehyde, and acetaldehyde.[3] Temple-Inland did not appear on the 2010 PERI Toxic 100 Air Polluters report.[4]

References

  1. ↑ International Paper Completes Acquisition of Temple-Inland
  2. ↑ Political Economy Research Institute Toxic 100 retrieved 18 Aug 2007
  3. ↑ Toxics Release Inventory courtesy rtknet.org
  4. ↑ Political Economy Research Institute Toxic 100 retrieved 4 Jan 2011

External links