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Profile: Icahn Enterprises LP (IEP.O)

IEP.O on Nasdaq

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30 Nov 2016
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Icahn Enterprises L.P. (Icahn Enterprises), incorporated on February 17, 1987, is a diversified holding company. The Company's operating segments include Automotive, Energy, Metals, Railcar, Gaming, Food Packaging, Mining, Real Estate and Home Fashion. The Company owns a limited partner interest in Icahn Enterprises Holdings L.P. (Icahn Enterprises Holdings). All of the Company's assets and liabilities are owned through Icahn Enterprises Holdings and all of its operations are conducted through Icahn Enterprises Holdings and its subsidiaries.

Investment

The Company's Investment segment comprises various private investment funds, including Icahn Partners L.P. (Icahn Partners), Icahn Partners Master Fund LP, Icahn Partners Master Fund II LP and Icahn Partners Master Fund III LP (collectively, the Master Funds, and together with Icahn Partners, the Investment Funds), through , which the Company invests its capital. Icahn Onshore LP and Icahn Offshore LP (together, the General Partners) act as the general partner of Icahn Partners and the Master Funds, respectively. The General Partners provide investment advisory and certain administrative and back office services to the Investment Funds but do not provide such services to any other entities, individuals or accounts. Interests in the Investment Funds are not offered to outside investors.

Automotive

The Company operates its Automotive segment through its ownership in Federal-Mogul Holdings Corporation (Federal-Mogul) and IEH Auto Parts Holding LLC (IEH Auto), a subsidiary of the Company. Federal-Mogul is a supplier of a range of components, accessories and systems to the automotive, small engine, heavy-duty, marine, railroad, agricultural, off-road, aerospace and energy, industrial and transport markets, including customers in both the original equipment manufacturers and servicers (OE) market, and the replacement market (aftermarket). Federal-Mogul operates with two end-customer focused business segments. The Powertrain business focuses on original equipment products for automotive, heavy duty and industrial applications. The Motorparts business sells and distributes a broad portfolio of products in the global aftermarket, while also serving original equipment manufacturers with products, including braking, chassis, wipers and other vehicle components. IEH Auto has over 30 distribution centers and satellite locations, and approximately 260 corporate-owned parts stores in the United States and supports a network of over 2,000 independent parts stores. IEH Auto operates independently of Federal-Mogul.

Energy

The Company operates Energy segment through its controlling interest in CVR Energy, Inc. (CVR). CVR is a diversified holding company primarily engaged in the petroleum refining and nitrogen fertilizer manufacturing industries through its holdings in CVR Refining, LP and CVR Partners, LP, respectively. CVR Refining, LP is an independent petroleum refiner and marketer of high value transportation fuels. CVR Partners produces and markets nitrogen fertilizers in the form of urea ammonium nitrate (UAN) and ammonia.

Metals

The Company operates its Metals segment through its subsidiary, PSC Metals, Inc. (PSC Metals). PSC Metals is engaged in the business of collecting, processing and selling ferrous and non-ferrous metals, as well as the processing and distribution of steel pipe and plate products. PSC Metals collects industrial and obsolete scrap metal, processes it into reusable forms and supplies the recycled metals to its customers, including electric-arc furnace mills, integrated steel mills, foundries, secondary smelters and metals brokers. PSC Metals also operates a steel products business that includes the supply of secondary plate and structural grade pipe.

Railcar

The Company operates its Railcar segment through its ownership interests in American Railcar Industries, Inc. (ARI) and American Railcar Leasing, LLC (ARL). ARI is a North American designer and manufacturer of hopper and tank railcars. ARI's manufacturing consists of railcar manufacturing, and railcar and industrial component manufacturing. ARI's railcar services consist of railcar repair, engineering and field services. ARL is engaged in the business of leasing railcars to customers.

Gaming

The Company operates its Gaming segment through its ownership in Tropicana Entertainment Inc. (Tropicana). Tropicana is an owner and operator of regional casino and entertainment properties located in the United States and a temporary casino resort development located on the island of Aruba. Tropicana's United States properties include Tropicana Laughlin Hotel and Casino, Lumiere Place Casino, Montbleu Casino Resort & Spa, Tropicana AC, Belle of Baton Rouge and Tropicana Greenville.

Mining

The Company operates its Mining segment through an ownership in Ferrous Resources. Ferrous Resources holds rights to iron ore mineral resources in Brazil and develops mining operations and related infrastructure to produce and sell iron ore products to the global steel industry. Ferrous Resources also holds iron ore assets in the State of Minas Gerais, Brazil, known as Viga, Viga Norte, Esperanca, Serrinha and Santanense. In addition, Ferrous Resources has mineral rights near Jacuipe in the State of Bahia, Brazil.

Food Packaging

The Company operates its Food Packaging segment through its ownership in Viskase Companies, Inc. (Viskase). Viskase is engaged in the production and sale of cellulosic, fibrous and plastic casings for the processed meat and poultry industry. Viskase operates approximately nine manufacturing facilities and over nine distribution centers throughout North America, Europe, South America and Asia.

Real Estate

The Company's Real Estate operations consist of rental real estate, property development and associated resorts. Its rental real estate operations consist primarily of retail, office and industrial properties leased to single corporate tenants. Its property development operations are run primarily through Bayswater Development LLC, a real estate investment, management and development subsidiary that focuses on the construction and sale of single-family and multi-family homes, lots in subdivisions and planned communities and raw land for residential development. Its New Seabury development property in Cape Cod, Massachusetts and its Grand Harbor and Oak Harbor development property in Vero Beach, Florida include land for future residential development of approximately 270 and 1,330 units of residential housing, respectively.

Home Fashion

The Company conducts its Home Fashion segment through its indirect subsidiary, WestPoint Home LLC (WPH). WPH's business consists of manufacturing, sourcing, marketing, distributing and selling home fashion consumer products. WPH markets a range of manufactured and sourced bed, bath, basic bedding and other textile products, including sheets, pillowcases, bedspreads, quilts, comforters and duvet covers, featherbeds, bath and beach towels, bath accessories, bed skirts, bed pillows, flocked blankets, woven blankets and throws, and mattress pads.

The Company competes with AGM Automotive, Art Metal, Bergmann, BinZou, Bleistahl, Daido, Dana-Reinz, Delfingen, DongYang, ElringKlinger, FNOK, Freudenberg, Kaco/Sabo, Kolbenschmidt, Miba, NOK, NPR, Relats, Sinteron, Taiho, Vitrica, Akebono Brake Corporation, Autolite, Brake Parts Inc., Bosch Group, Centric Parts, Crowne Group LLC, Delphi Automotive LLP, Denso Corporation, Dorman Products, Inc., MAT Holdings, Inc., Mahle GmbH, Mevotech Inc., NGK Spark Plug Co., Ltd., NTN Bearing Corporation, Neapco Inc., Old World Industries, LLC, Phillips Industries, Pylon Manufacturing Corporation, ITW Global Brands, SKF Group, Osram Sylvania Ltd., ZF TRW Automotive Holdings Corp., The Timken Company, Trico Products Corporation, Valeo Group, Dana Corporation, HollyFrontier, CHS Inc., Valero Energy Corporation, Agrium, Inc., Koch Nitrogen Company, LLC, Potash Corporation of Saskatchewan, Inc., CF Industries Holdings, Inc., Terra Nitrogen Company, LP., Flint Hills Resources LLC, Trinity Industries, Inc., The Greenbrier Companies, Inc., Freight Car America Inc., National Steel Car Limited, Union Tank Car Company, Wells Fargo Rail Corp. GATX Corp. and CIT Group.

Company Address

Icahn Enterprises LP

767 5th Ave Ste 4600
NEW YORK   NY   10153-0105
P: +1212.7024300
F: +1212.7505841

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