Content about Temple-Inland

February 5, 2014

Las Vegas -- Weyerhaeuser CEO Doyle Simons says he's encouraged by the recovery in the home-building  and LBM industries. But it's too early celebrate. 

In an interview with HCN in the Weyerhaeuser booth at the International Builders' Show here, Simons also talked about the importance of product innovation and market education.

June 24, 2013

Timberlands dealer and wood manufacturer Weyerhaeuser Co. has a new president and CEO, effective Aug. 1. Doyle Simons will be succeeding incumbent retiree Dan Fulton, who will then serve as executive vice chairman of the board of directors until his retirement in October.

Simons, who was previously chairman and CEO of Temple-Inland, is currently acting as CEO elect for Weyerhaeuser and has been serving on its board of directors since June 2012. He was also appointed RISI's 2009 North American CEO of the Year in the paper and forest products industry.

December 13, 2012

Less than a year after purchasing it in a hostile takeover, International Paper (IP) has agreed to sell its Temple-Inland Building Products division to Georgia-Pacific for $750 million in cash, subject to certain pre-and post-closing adjustments. The assets to be sold include16 manufacturing facilities: five solid wood mills, four particleboard plants, two medium-density fiberboard plants, one fiberboard plant and four gypsum wallboard plants. 

June 25, 2012

Doyle Simons, the former chairman and CEO of Temple-Inland, has joined the board of directors of Weyerhaeuser, effective June 29, 2012, according to a filing with the Securities and Exchange Commission (SEC). The 49-year-old executive held various positions with Temple-Inland, including executive VP from 2005 through 2007 and chief administrative officer from 2003 to 2005. He became CEO and chairman in 2008 and served until February 2012, when Temple-Inland was acquired by International Paper Co.

February 13, 2012

International Paper (IP) has announced the completed acquisition of Temple-Inland, which will now become a wholly owned subsidiary of IP. Under the terms of the transaction, each issued and outstanding share of Temple-Inland common stock will fetch $32.00 in cash, including the assumption of approximately $700 million in Temple-Inland net debt. The total transaction value is approximately $4.5 billion.

February 13, 2012

International Paper (IP) has announced the completed acquisition of Temple-Inland, which will now become a wholly owned subsidiary of IP. Under the terms of the transaction, each issued and outstanding share of Temple-Inland common stock will fetch $32.00 in cash, including the assumption of approximately $700 million in Temple-Inland net debt. The total transaction value is approximately $4.5 billion.

January 30, 2012

International Paper (IP) announced that it has extended the Department of Justice’s review period with respect to the company’s acquisition of Temple-Inland. The new deadline has been moved from Jan. 27 to Feb. 13.

In a prepared statement, IP chairman and CEO John Faraci said: "We have been working constructively with the DOJ to address its concerns and anticipate entering into a definitive agreement on terms that are acceptable to all parties."

October 28, 2011

Temple-Inland is planning a new display and graphics facility, scheduled to open January 2012 in Chicagoland. Temple-Inland Display and Packaging Chicago will offer the services and expertise of the Elgin Corrugated Box and Mack Packaging brands from a single, newly renovated plant in Carol Stream, Ill.

Temple-Inland will provide corrugated packaging, displays and fulfillment to current Mack, Elgin and Temple-Inland customers, plus new customers throughout the country.

October 28, 2011

Temple-Inland is planning a new display and graphics facility, scheduled to open January 2012 in Chicagoland. Temple-Inland Display and Packaging Chicago will offer the services and expertise of the Elgin Corrugated Box and Mack Packaging brands from a single, newly renovated plant in Carol Stream, Ill.

Temple-Inland will provide corrugated packaging, displays and fulfillment to current Mack, Elgin and Temple-Inland customers, plus new customers throughout the country.

September 6, 2011

International Paper’s attempt to take over Temple-Inland concluded today with an announcement that the two companies have entered into a merger agreement.

International Paper will acquire all of the outstanding common stock of Temple-Inland for $32 per share in cash, plus the assumption of $600 million in Temple-Inland’s year-end debt. The total transaction value is approximately $4.3 billion.

September 6, 2011

International Paper’s attempt to take over Temple-Inland concluded today with an announcement that the two companies have entered into a merger agreement.

International Paper will acquire all of the outstanding common stock of Temple-Inland for $32 per share in cash, plus the assumption of $600 million in Temple-Inland’s year-end debt. The total transaction value is approximately $4.3 billion.

July 18, 2011

The takeover battle for Temple-Inland continues to escalate as the Austin, Texas, wood products supplier issued a statement today urging its stockholders to reject an unsolicited offer from International Paper (IP). Temple-Inland’s board of directors voted unanimously to reject the $30.60-per-share offer because it undervalues the company. The timing of the offer is also “extremely opportunistic,” the company said in its official recommendation. 

July 18, 2011

The takeover battle for Temple-Inland continues to escalate as the Austin, Texas, wood products supplier issued a statement today urging its stockholders to reject an unsolicited offer from International Paper (IP). Temple-Inland’s board of directors voted unanimously to reject the $30.60-per-share offer because it undervalues the company. The timing of the offer is also “extremely opportunistic,” the company said in its official recommendation. 

July 13, 2011

After being rebuffed by Temple-Inland’s board of directors, International Paper is making an unsolicited offer to acquire all the outstanding shares of common stock of the wood products company for $30.60, according to documents filed with the Securities ad Exchange Commission (SEC).

July 13, 2011

After being rebuffed by Temple-Inland’s board of directors, International Paper is making an unsolicited offer to acquire all the outstanding shares of common stock of the wood products company for $30.60, according to documents filed with the Securities ad Exchange Commission (SEC).

June 9, 2011

Temple-Inland, one of the industry’s largest producers of wood and paper products, announced June 6 that it has received an unsolicited offer from International Paper Co. (IP), another pulp and paper giant, to acquire the company for $30.60 per Temple-Inland share in cash.

June 9, 2011

Temple-Inland, one of the industry’s largest producers of wood and paper products, announced June 6 that it has received an unsolicited offer from International Paper Co. (IP), another pulp and paper giant, to acquire the company for $30.60 per Temple-Inland share in cash.

May 16, 2011

Diboll, Texas-based Temple-Inland expanded its GreenGlass family of products to include a tile backer.

GreenGlass features a built-in, moisture-blocking acrylic coating that resists water penetration through its surface, plus a water-resistant gypsum core formulated to include the TemShield Mold Protection System. Faced on both sides with naturally mold- and moisture-resistant fiberglass mats, this combination has been shown to be highly mold-resistant in tests.

May 16, 2011

Diboll, Texas-based Temple-Inland expanded its GreenGlass family of products to include a tile backer.

GreenGlass features a built-in, moisture-blocking acrylic coating that resists water penetration through its surface, plus a water-resistant gypsum core formulated to include the TemShield Mold Protection System. Faced on both sides with naturally mold- and moisture-resistant fiberglass mats, this combination has been shown to be highly mold-resistant in tests.

April 20, 2011

Wood products producer Temple-Inland reported sales of $174 million in the building products division during its first fiscal quarter of 2011, a 13.7% rise over sales of $153 million during the same quarter of 2010.

Net loss for the division was $6 million during the first quarter, narrowing from a $9 million loss in the first fiscal quarter of 2010 and a $15 million loss in the fourth quarter of 2010. 

April 20, 2011

Wood products producer Temple-Inland reported sales of $174 million in the building products division during its first fiscal quarter of 2011, a 13.7% rise over sales of $153 million during the same quarter of 2010.

Net loss for the division was $6 million during the first quarter, narrowing from a $9 million loss in the first fiscal quarter of 2010 and a $15 million loss in the fourth quarter of 2010. 

February 8, 2011

Austin, Texas-based Temple-Inland reported sales of building products for the fourth quarter were $146 million, up 12.3% from $130 million in the same quarter last year.

The building products and packaging company posted total 2010 earnings of $168 million, down 18.4% from $206 million in 2009. Excluding special items, net income was $100 million for the year, up from $78 million in 2009.

February 8, 2011

Austin, Texas-based Temple-Inland reported sales of building products for the fourth quarter were $146 million, up 12.3% from $130 million in the same quarter last year.

The building products and packaging company posted total 2010 earnings of $168 million, down 18.4% from $206 million in 2009. Excluding special items, net income was $100 million for the year, up from $78 million in 2009.

August 26, 2007

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August 6, 2007

The company will sell 1.55 million acres to Campbell Group for $2.38 billion....