Industrial Enterprises of America, Inc. (IEA) is a holding company that operates through four wholly owned subsidiaries: EMC Packaging, Inc. (EMC), Unifide Industries Limited Liability Company (Unifide), Todays Way Manufacturing, LLC (Todays Way) and Spinwell Holding Company, LLC (Spinwell). EMC�s business consists of converting hydrofluorocarbon gases (HFC) R134a and R152a into branded private label refrigerant and propellant products. Unifide is a marketer and seller of automotive chemicals and additives and Todays Way manufactures and packages the products sold by Unifide. Spinwell, through its wholly owned subsidiary, Pitt Penn Oil Co., LLC, is a manufacturer, marketer and seller of automotive chemicals and additives. In April 2007, the Company acquired Hi-Tach Oil, Co., Inc. Hi-Tach sells and markets a line of oil additives and lubricants.