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TEMPLE-INLAND

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About TEMPLE-INLAND

Whether you had something to box or something to build, Temple-Inland had it covered. Once one of North America's top producers of corrugated packaging (before it was acquired by rival International Paper in 2012), the company made building products such as fiberboard, gypsum wallboard, lumber, and particleboard panels for residential and commercial – more... construction projects. Its Corrugated Packaging segment churned out containerboard boxes for agricultural and industrial use, linerboard, retail displays, and specialty wood and foam containers. The company's operations consisted of four containerboard mills, about 60 converting facilities, and some 16 building products plants in the US, Mexico, and Puerto Rico.

International Paper (IP) acquired Temple-Inland in 2012 in a deal valued at about $4.5 billion, which included the assumption of some $700 million in Temple-Inland debt. IP first attempted a takeover of Temple-Inland in 2011. The company rebuffed IP's first $3.3 billion bid, saying it was too low and probably would not pass regulatory approval. IP came back with a revised $3.48 billion deal in early September 2011, including the assumption of $600 million in debt. The acquisition expanded IP's packaging operations in North America. At the time of the acquisition, Temple-Inland operated 7 containerboard mills, but IP sold three of them to satisfy an agreement with the US Department of Justice.

Supplying corrugated packaging was Temple-Inland's bread and butter; it represented more than 80% of the company's revenues. Brown boxes, bulk containers, and related products were sold predominantly to US customers in the chemical, food, glass container, household appliance, paper, and plastics industries -- all of which were hurt by the economic recession and credit crisis in 2008 and 2009. – less

TEMPLE-INLAND Employer Reviews

Production Lead Person (Former Employee), Fort Smith, ARJanuary 6, 2015
Assistant Winder Operator (Former Employee), New Johnsonville, TNDecember 22, 2014
Folder Gluer Operator (Former Employee), Indianapolis, INOctober 30, 2014
Press Operator (Former Employee), Kansas City, KSSeptember 15, 2014
Operation Agent (Former Employee), DeQuincy, LAAugust 16, 2014

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