International Paper is a leading company in paper and paper distribution, packaging and forest products, including building materials. The company employs approximately 68,000 people in 24 countries worldwide.
The company operates xpedx, a leading business-to-business distributor of packaging, facility and printing supplies and equipment in North America.
International Paper acquired Temple-Inland in February 2012, for $4.5 billion. Temple-Inland is a manufacturing company focused on corrugated packaging and building products
International Paper was incorporated in Albany, NY in 1898 through a merger of 17 pulp and paper mills.
For 2012, the company reported revenue of $27.8 billion, up from $26.0 billion, and net income of $799 million.
“Our success capturing merger benefits from the Temple-Inland acquisition contributed to our fourth quarter results and IP’s record cash generation from operations in 2012,” said John Faraci, Chairman and Chief Executive Officer. “Given our runway levers and ability to execute, we are positioned to deliver a step-change in earnings as we move through 2013.”
* Base salary and incentives
Updated April 20, 2013