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Tenneco Inc. purchased PCA in 1965, and during the next 34 years the company undertook a number of acquisitions, including the acquisition of Mobil Plastics Company in 1995 and Amoco Foam Products Company in 1996, which formed the basis of the current Pactiv business. As a result, its product portfolio expanded to include aluminum, clear ...
Tenneco bought Houston Oil & Minerals Corporation with two gold mines in Nevada in the late 1970s. Tenneco owned and operated a large number of gasoline service stations, but all were closed or replaced with other brands by the mid-1990s. [7] Fairchild F-27J executive aircraft of Tenneco at Chicago O'Hare Airport in 1979.
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In November 1995, the company's name was changed to Tenneco Packaging Inc.; in 1999, a new entity re-established the name Packaging Corporation of America In 2009, the company opened a new design center and project-management facility in Hong Kong, operating under the name Packaging Corporation of Asia Limited.
Tenneco was named one of the 100 Best Managed Companies in the World four times during his tenure. [5] At Tenneco he was elected chairman of both the Business Roundtable (1998–1999) and the National Association of Manufacturers (1994–1995). Before Tenneco, Mead was executive vice president and a member of the board at International Paper. [6]
A very long stock ticker was installed to deliver messages and add to the visual appeal in 1996 when the El Paso Corporation bought Tenneco for 4 billion dollars. When Tenneco owned the building the letters T-E-N-N-E-C-O outlined the top of the building on each of the four sides. [citation needed] In 2001, the fountains were refurbished.