Ira Rennert, interesting reading

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With its offices in the Rockefeller Center, Renco Group, of which Rennert is both President and CEO, ranked 89th in the Forbes’ list of America’s largest privately-held companies, with an estimated annual revenue of $2.15 billion. Rennert’s holding company acquired military contractor AM General in 1992 for $133 million, later selling a stake to Ron Perelman’s MacAndrews & Forbes holding company for $930 million in 2004. Other subsidiaries of Renco include: Renco Steel, Baron Drawn Steel, Doe Run – the world’s second largest lead smelter, Unarco Material Handling, and US Magnesium.

Renco Group lost control of WCI Steel (now Serverstal Warren) when the company emerged from Chapter 11 bankruptcy protection in 2006. In February 2008, Renco Group acquired Delphi's interiors and closures business which has been renamed Inteva Products, LLC. In a series of junk bond issues since 1995, Renco’s subsidiaries have borrowed an estimated $1.1 billion and transferred $322 million (29 percent) to Renco Group, according to documents filed with the SEC.