Temple-Inland
 |
|
| Industry | Pulp and paper |
|---|---|
| Fate | Acquired by International Paper in 2012 |
| Predecessor |
Eastex Pulp and Paper Company Inland Container Gaylord Container Corporation |
| Successor |
Guaranty Bank Forestar Group |
| Founded | 1925 |
| Headquarters | Austin, Texas, U.S. |
|
Area served
|
Worldwide |
|
Key people
|
Doyle R. Simons (Chairman and CEO) |
| Revenue |
 US$3.79 billion (2010)[1]
|
 US$168 million (2010)[2]
|
|
| Total assets |
US$5.9 billion (2010)[3]
|
| Total equity |
US$929 million (2010)[4]
|
|
Number of employees
|
10,500 (2010)[5] |
| Parent | International Paper |
| Website | Temple-Inland.com |
Temple-Inland, Inc. was an American corrugated packaging and building products company. It was acquired by International Paper in 2012.
Inland Container Corporation was founded by Herman C. Krannert as Anderson Box Company in Anderson, Indiana in 1918. Kannert then founded Inland Box Company in Indianapolis in 1925; this was considered the founding date of the company.
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 1978, Inland was acquired by Time, Inc. in a deal worth about $280 million (equivalent to $1,050,571,000 in 2017). At the time, Inland was manufacturing corrugated shipping containers and container board at 28 plants in the United States and Puerto Rico. It also had 50% ownership, along with Mead paper Co., in Georgia Kraft Co. which produced 1.2 million tons of linerboard in 1977, and which owned 950,000 acres of timberland in the southeast U.S., and leased another 125,000 acres.
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 (equivalent to $2,789,448,000 in 2017) in revenues for Time, equivalent to 32 percent of Time Inc.'s consolidated revenues of $3.6 billion (equivalent to $9,129,103,000 in 2017) 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
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.
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