Haglund Enters Hall of Fame
October 29, 2005 By: Tom Andel Official Board Markets
In commenting on the recognition of his friend and constituent, Minnesota Governor Tim Pawlenty said: “Jim is a business leader who not only provides jobs and capital investment in the state, but a whole new spirit to the community when he does things like bring international conferences to his state and contributes to worthy causes. That has tremendous value.” Haglund’s dedication to making sure future generations get an early understanding of corrugated’s importance to industry was also recognized by his colleagues. Joe Palmeri, vice president and coo of Jamestown Container Co., was the 2004 Hall of Fame inductee. He recalls Jim’s pioneering work in reaching out to other professional associations to keep the profession viable, not only for future practitioners, but to consumers, as well. Other Haglund colleagues commented on what a smart businessman he is. Haglund continued to invest in businesses beyond Central Container. These investments not only diversified his holdings, but gave other young entrepreneurs their start in business. “When Jim started at Central Container I was fabricating foam for protective packaging,” explains Scott Nelson, president of Foam Industries. “Jim always wanted to be involved with fabricating of foam products for protective packaging because it complements the corrugated industry. He wanted me to get the organization up and running, and give it some time. A year and a half later he bought into the organization. He owns 49 percent of the business. It was like turning on a light switch. We were profitable that first month.” AICC President Steve Young admires Haglund for diversifying his businesses and points to him as a role model for other independent corrugated companies. “Corrugated boxes are a wonderful base business, but it’s going to be very difficult to maintain that business exclusively,” Young says. “The manufacturing base has shrunk and it’s not coming back. There have to be other related packaging lines and businesses to get into in order to be profitable. That’s the vision Jim has always had. He’s a great model for a successful entrepreneurial businessman.”OBM |