Temple-Inland

Maker of packaging and forest products.

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Headquarters:
1300 Mopac Expressway South
Austin, TX 78746
Employees: 11,000
CEO: Doyle Simons
Stock Symbol: TIN

Website: http://www.templeinland.com

Career Site

Temple-Inland operates in two areas -- corrugated packaging and building products.

The Corrugated Packaging operation has seven containerboard mills and serves customers through 63 converting facilities. Corrugated Packaging is the largest segment of the paper market and includes consumer packaging and containers.

The Building Products operation has a wide array of building products and industrial panels at 16 facilities in the U.S. These products include lumber, particleboard, medium density fiberboard, gypsum wallboard and fiberboard products.

For 2009, the company reported net income of $207 million on revenues of $3.57 billion.

History

The corrugated packaging operation began in 1918 when Herman C. Krannert started making ventilated corrugated boxes for the shipment of baby chicks. These boxes met the growing need for lightweight and inexpensive containers to replace traditional wooden crates and barrels. The business thrived, even during the Great Depression of the 1930s as the demand for corrugated boxes grew for domestic commerce. By 1939, the company had acquired four box plants and initiated vertical integration. The growth accelerated in the mid-1940s as the number of sites, the range of products, and the base of customers expanded. Today, Temple-Inland is the third largest manufacturer of corrugated packaging in North America.

The Building Products operation began when T.L.L. Temple founded Southern Pine Lumber Company and started operations in Diboll, TX, in 1893 with the purchase of 7,000 acres of timberland. The sawmill in Diboll began operations in 1894, cutting 50,000 board feet of lumber per day.

By the 1950s, technology advances allowed the conversion of chips, sawdust and shavings into profitable panel products. The company took advantage of this and began manufacturing fiberboard sheathing. By 1964 the company’s land holdings had grown from those initial 7,000 acres to more than 450,000 acres. In addition, the company had entered the mortgage banking and insurance businesses.

In 1973, Time Inc. acquired Temple Industries and merged it with Eastex Pulp and Paper Company to form Temple-Eastex Inc. In 1983, Time joined Temple-Eastex with Inland Container Corporation and spun them off as Temple-Inland.

In 2007, Temple-Inland announced a transformation plan to maximize shareholder value through the separation of Temple-Inland into three focused, stand-alone public companies – Temple-Inland Inc., Guaranty Financial Group Inc., and Forestar Real Estate Group Inc. – and the sale of strategic timberland.

Benefits

Benefits include healthcare, life insurance, disability, vacation and retirement. Many optional benefits are also available such as dental, supplemental and dependent life insurance, supplemental disability, education assistance, scholarships and matching gifts.

Updated February 9, 2010