Temple-Inland, Inc. was an American
corrugated packaging and
building products
Building material is material used for construction. Many naturally occurring substances, such as clay, rock (geology), rocks, sand, wood, and even twigs and leaves, have been used to construct buildings. Apart from naturally occurring materia ...
company. It was acquired by
International Paper
The International Paper Company is an American pulp and paper company, the largest such company in the world. It has approximately 56,000 employees, and is headquartered in Memphis, Tennessee.
History
The company was incorporated January 31 ...
in 2012.
History
Inland Container Corporation was founded by
Herman C. Krannert
Herman C. Krannert (1887-1972) was a businessman and philanthropist in the Midwest of the United States who made millions in the corrugated fiber products industry and subsequently made generous contributions to education and the arts. Among other ...
as Anderson Box Company in
Anderson, Indiana
Anderson, named after Chief William Anderson, is a city in and the county seat of Madison County, Indiana, United States. It is the principal city of the Anderson, Indiana Metropolitan Statistical Area which encompasses Madison County. Anderson is ...
in 1918. Kannert then founded Inland Box Company in
Indianapolis
Indianapolis (), colloquially known as Indy, is the state capital and most populous city of the U.S. state of Indiana and the seat of Marion County. According to the U.S. Census Bureau, the consolidated population of Indianapolis and Marion ...
in 1925; this was considered the founding date of the company.
In 1973,
Time, Inc.
Time Inc. was an American worldwide mass media corporation founded on November 28, 1922, by Henry Luce and Briton Hadden and based in New York City. It owned and published over 100 magazine brands, including its namesake ''Time'', ''Sports Illu ...
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 (). 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 () 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
Diboll is a city in Angelina County, Texas, United States. The population was 4,457 at the 2020 census. Diboll is named for J. C. Diboll, a local timber salesman.
Geography
Diboll is located in southwestern Angelina County at (31.186060, –94 ...
In 2002, the company acquired the
Gaylord Container Corporation
Gaylord Container Corporation ( AMEX: GCR) was an American integrated manufacturer of packaging materials, primarily corrugated containers. Operating from 1986 until 2002, most of the company's facilities were originally part of Crown Zellerbach' ...
.
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
Containerboard or corrugated case material (CCM) is a type of paperboard specially manufactured for the production of corrugated board. It includes both linerboard and corrugating medium (or fluting), the two types of paper that make up corrugat ...
mills
Mills is the plural form of mill, but may also refer to:
As a name
*Mills (surname), a common family name of English or Gaelic origin
* Mills (given name)
*Mills, a fictional British secret agent in a trilogy by writer Manning O'Brine
Places Unit ...
, 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
Home construction or residential construction is the process of constructing a house, apartment building, or similar residential building generally referred to as a 'home' when giving consideration to the people who might now or someday reside th ...
, commercial and repair and
remodeling
Renovation (also called remodeling) is the process of improving broken, damaged, or outdated structures. Renovations are typically done on either commercial or residential buildings. Additionally, renovation can refer to making something new, ...
markets.
Guaranty Financial Group Inc.
Guaranty Financial Group Inc. became a
financial services
Financial services are the Service (economics), economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, acco ...
holding company
A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own shares of other companies ...
that operated in various business segments through its primary operating subsidiaries, "Guaranty Bank" and "Guaranty Insurance Services, Inc." Guaranty Bank became a federally chartered
savings bank
A savings bank is a financial institution whose primary purpose is accepting savings account, savings deposits and paying interest on those deposits.
History of banking, They originated in Europe during the 18th century with the aim of providi ...
with total assets in excess of $16 billion (consolidated) that conducted consumer and business banking activities through a network of approximately 150 bank branches located in
Texas
Texas (, ; Spanish language, Spanish: ''Texas'', ''Tejas'') is a state in the South Central United States, South Central region of the United States. At 268,596 square miles (695,662 km2), and with more than 29.1 million residents in 2 ...
and
California
California is a U.S. state, state in the Western United States, located along the West Coast of the United States, Pacific Coast. With nearly 39.2million residents across a total area of approximately , it is the List of states and territori ...
that provided
commercial bank
A commercial bank is a financial institution which accepts deposits from the public and gives loans for the purposes of consumption and investment to make profit.
It can also refer to a bank, or a division of a large bank, which deals with cor ...
ing products and services to various geographic markets throughout the United States. Guaranty Insurance Services, Inc. became an insurance agency that focused on property and casualty insurance with fixed annuities and operated out of 17 offices located in
Texas
Texas (, ; Spanish language, Spanish: ''Texas'', ''Tejas'') is a state in the South Central United States, South Central region of the United States. At 268,596 square miles (695,662 km2), and with more than 29.1 million residents in 2 ...
and
California
California is a U.S. state, state in the Western United States, located along the West Coast of the United States, Pacific Coast. With nearly 39.2million residents across a total area of approximately , it is the List of states and territori ...
, as well as through branches of Guaranty Bank.
In August 2009, Guaranty Bank was closed by the
Office of Thrift Supervision
The Office of Thrift Supervision (OTS) was a List of federal agencies in the United States, United States federal agency under the United States Department of the Treasury, Department of the Treasury that chartered, supervised, and regulated all ...
, which appointed the
Federal Deposit Insurance Corporation
The Federal Deposit Insurance Corporation (FDIC) is one of two agencies that supply deposit insurance to depositors in American depository institutions, the other being the National Credit Union Administration, which regulates and insures cred ...
as receiver. To protect the depositors, the FDIC sold all of the deposits of Guaranty Bank to
BBVA Compass
BBVA USA was a bank headquartered in Birmingham, Alabama. It was a subsidiary of Banco Bilbao Vizcaya Argentaria from 2007 until 2021, when it was acquired by PNC Financial Services. It operated mainly in Alabama, Arizona, California, Colorado, ...
of
Birmingham, Alabama
Birmingham ( ) is a city in the north central region of the U.S. state of Alabama. Birmingham is the seat of Jefferson County, Alabama's most populous county. As of the 2021 census estimates, Birmingham had a population of 197,575, down 1% fr ...
. At the time of its collapse, the bank had 103 branches in Texas and 59 branches in California.
Forestar Real Estate Group Inc.
Forestar Real Estate Group Inc. became a dual business operating company focusing in two business segments:
real estate
Real estate is property consisting of land and the buildings on it, along with its natural resources such as crops, minerals or water; immovable property of this nature; an interest vested in this (also) an item of real property, (more general ...
and
natural resources
Natural resources are resources that are drawn from nature and used with few modifications. This includes the sources of valued characteristics such as commercial and industrial use, aesthetic value, scientific interest and cultural value. O ...
. 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.
As of September 30, 2015 Forestar, either directly or through ventures, owned:
*106,000 acres of low basis real estate located in 12 states and 15 markets (approximately)
*9 commercial and residential (multi-family) properties
*590,000 net mineral acres, principally in Texas, Louisiana, Alabama and Georgia
*324,000 net mineral acres in oil-rich basins (leasehold interest), including 9,000 net mineral acres in the core of the Bakken and Three Forks formations.
In addition, they manage approximately 95,000 acres of land as timberland, generating fiber growth and sales. They also have approximately 1.5 million acres of water interests in Texas, Louisiana, Alabama and Georgia.
2012 sale
![International Paper](https://upload.wikimedia.org/wikipedia/commons/3/3e/International_Paper.svg)
In 2012,
International Paper
The International Paper Company is an American pulp and paper company, the largest such company in the world. It has approximately 56,000 employees, and is headquartered in Memphis, Tennessee.
History
The company was incorporated January 31 ...
, 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
The University of Massachusetts Amherst (UMass Amherst, UMass) is a public research university in Amherst, Massachusetts and the sole public land-grant university in Commonwealth of Massachusetts. Founded in 1863 as an agricultural college, it ...
identified Temple–Inland as the 24th-largest corporate producer of
air pollution
Air pollution is the contamination of air due to the presence of substances in the atmosphere that are harmful to the health of humans and other living beings, or cause damage to the climate or to materials. There are many different types ...
in the United States. Major pollutants reported by the study included
acrolein
Acrolein (systematic name: propenal) is the simplest unsaturated aldehyde. It is a colorless liquid with a piercing, acrid smell. The smell of burnt fat (as when cooking oil is heated to its smoke point) is caused by glycerol in the burning fa ...
,
manganese
Manganese is a chemical element with the symbol Mn and atomic number 25. It is a hard, brittle, silvery metal, often found in minerals in combination with iron. Manganese is a transition metal with a multifaceted array of industrial alloy use ...
compounds,
sulfuric acid
Sulfuric acid (American spelling and the preferred IUPAC name) or sulphuric acid ( Commonwealth spelling), known in antiquity as oil of vitriol, is a mineral acid composed of the elements sulfur, oxygen and hydrogen, with the molecular formu ...
,
formaldehyde
Formaldehyde ( , ) (systematic name methanal) is a naturally occurring organic compound with the formula and structure . The pure compound is a pungent, colourless gas that polymerises spontaneously into paraformaldehyde (refer to section F ...
, and
acetaldehyde
Acetaldehyde (IUPAC systematic name ethanal) is an organic chemical compound with the formula CH3 CHO, sometimes abbreviated by chemists as MeCHO (Me = methyl). It is a colorless liquid or gas, boiling near room temperature. It is one of the mos ...
. Temple-Inland did not appear on the 2010 PERI Toxic 100 Air Polluters report.
Toxic 100
Political Economy Research Institute
The Political Economy Research Institute (PERI) is an independent research unit at the University of Massachusetts Amherst. According to its mission statement, it "...promotes human and ecological well-being through our original research". PERI was ...
retrieved 4 Jan 2011
See also
*International Paper
The International Paper Company is an American pulp and paper company, the largest such company in the world. It has approximately 56,000 employees, and is headquartered in Memphis, Tennessee.
History
The company was incorporated January 31 ...
* Forestar Real Estate Group Inc.
* Guaranty Financial Group Inc.
*Gaylord Container Corporation
Gaylord Container Corporation ( AMEX: GCR) was an American integrated manufacturer of packaging materials, primarily corrugated containers. Operating from 1986 until 2002, most of the company's facilities were originally part of Crown Zellerbach' ...
References
{{Reflist, 2
External links
Company web site
Answers.com company profile
Pulp and paper companies of the United States
Defunct forest products companies of the United States
Manufacturing companies based in Austin, Texas
Manufacturing companies established in 1925
1925 establishments in Indiana
Packaging companies of the United States
International Paper
Defunct pulp and paper companies
2012 mergers and acquisitions
Defunct manufacturing companies based in Texas
Corporate spin-offs