process for evaluating capital allocation decisions and executing its strategy, as evidenced by its near-flawless Temple - Inland integration and recent decision to swiftly close its large uncoated free sheet paper mill in Courtland.
relevant experience was as CEO of corrugated-box maker Temple - Inland from 2008 until early 2012 when it was acquired by International Paper. Simons spearheaded Temple - Inland 's "box plant transformation," which essentially
pre-financial crisis level, which we believe is a testament to management's skillful acquisition and integration of Temple - Inland and its impressive domestic containerboard operations. Vale VALE As the world's largest iron ore producer and the
consolidation, including Rock-Tenn's acquisition of Smurfit-Stone in 2011 and International Paper's acquisition of Temple Inland in 2012, about 73% of domestic containerboard supply today is in the hands of the top five producers (more than
single-digit market shares of the containerboard industry, there is some potential for regulatory scrutiny of the deal, considering the wave of consolidation in recent years (International Paper/ Temple - Inland , RockTenn/Smurfit).
above its pre-financial crisis level, which we believe is a testament to management's skillful acquisition of Temple - Inland and impressive containerboard operations.
segment's operating profit was largely unchanged compared to the second quarter of 2012. IP recently closed the sale of Temple - Inland 's building products business to Georgia-Pacific. Though the process took longer than we expected, the delay
Temple - Inland 's commodity exposure concerns us.
pricing was probably warranted. New CEO Doyle Simons seems like a good fit, given his solid record in the same role at Temple - Inland . Before selling out to International Paper, Simons had delivered strong margin improvement by way of operational
After higher containerboard prices, good execution, and a successful integration of Temple - Inland supported a period of strong results, International Paper's IP momentum slowed in the first quarter. Compared with the positive