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VKSC
Viskase Companies, Inc.

Common Stock

1.674

-0.036

-2.11%

1.66 / 1.68 (1 x 1)

Real-Time Best Bid & Ask: 05:00pm 07/17/2025
Delayed (15 Min) Trade Data: 12:00am 07/17/2025

Viskase Companies, Inc.

333 East Butterfield Road

Suite 400

Lombard, IL 60148

Business Description
VISKASE Companies, Inc. was founded in Chicago, Illinois in 1925, originally as The Visking Company, when we invented and introduced the first synthetic sausage casing made from regenerated cellulose. This product was a revolutionary step forward in the meat processing industry. It allowed for large gains in productivity and efficiency to manufacture ready-to-eat meat products. In the years since, the Company has continued to put emphasis on innovation as we introduced new products, new concepts, and product adaptations to fit our customers' needs. Expanding into new markets, and growing our business in existing markets, has led us to becoming the company we are today; focused on helping our ...
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Financial Reporting
Reporting Status
Alternative Reporting Standard
Audited Financials
Audited
CIK
0000033073
Fiscal Year End
12/31
Company Officers & Contacts
Timothy P Feast
President, CEO

Tim Feast joined Viskase in September 2022 as President & CEO. Mr. Feast joins the company after serving as the President and Chief Operating Officer at PurposeBuilt Brands. Previously he held the role of President, Personal Care at KIK Custom Products. Mr. Feast also held two positions with Graham Packaging, as President, Food & Beverage and President, Specialty Food & Beverage. Mr. Feast holds a Bachelor's of Science, Honours in Chemistry from the University of Warwick and a MBA from the Olin Business School, Washington University in St. Louis.

Joseph D King
Senior VP, General Counsel, Secretary

Prior to joining Viskase, Joe served as Vice President, General Counsel and Secretary to PSC Metals, LLC, a wholly owned subsidiary of Icahn Enterprises, LP. He managed legal compliance, environmental, safety, human resources, real estate, and M & A and was a key participant in the Company's business and strategic decision making. He worked closely with other members of the Company's management team on numerous business initiatives to increase the Company's profitability and growth. Prior to joining PSC Metals, Joe held the role of Assistant General Counsel at Applied Industrial Technologies, Inc., (NYSE-AIT), a distributer of Industrial products. Joe began his legal career at Lange, Simpson, Robinson & Somerville (now Adams and Reese LLP) and Arter & Hadden. Joe also worked in the steel industry for Dietrich Industries, (n.k.a. Clark Dietrich Building Systems, a Worthington Industries company) where he held various positions in the buying and marketing groups. Joe holds a juris doctor degree from the Cleveland-Marshall College of Law. He also holds a Bachelor of Science in Business Administration from the Fisher College of Business at the Ohio State University.

Michael Blecic
Vice President, Chief Accounting Officer, Treasurer

Michael Blecic has been employed by Viskase since 1997 and has been our Chief Accounting Officer and Treasurer since February 2013. He previously served as interim Chief Accounting Officer and Treasurer from June 2012 to February 2013 and as Director of Finance from July 2005 to June 2012. Mr. Blecic holds a Bachelor of Science in Accounting from the University of Illinois at Chicago.

Wolfgang Seitz
Vice President, Gen. Manager

Wolfgang Seitz has been Vice President and General Manager of EMEA/Asia since May 2020. Prior to joining Viskase, Wolfgang held the role of Group CFO of Poly-Clip where he was responsible for negotiating the sale of Walsroder GmbH. Before that, he worked at the NIBC Bank Germany as Vice President of the merger and acquisitions group, focused on deals in the food and agriculture industries. Mr. Seitz earned his Graduate Degree in Business Management from the University of Mannheim in 2006.

Marcelo Passos
Vice President, Gen. Manager

Marcelo Passos joined Viskase in September 2024 as Vice President and General Manager for the Americas. Mr. Passos comes to the company after serving as President and CEO of Greenbridge. Prior to that, he held several leadership roles, including Division President at Graham Packaging, CEO of Jindal Films, and Vice President of Sales Operations at Berry Global. In his roles at Graham, Jindal, and Berry, Marcelo led the commercial strategies for sales teams targeting large food CPGs, many of which are Viskase customers. Mr. Passos holds a Bachelor of Science degree from UFMG in Brazil and an MBA from the University of Michigan.

Xiaofeng Zhang
Vice President, CFO

Issa Metri Elsousou
Other

Board of Directors
Robert E Flint
Chairman, Compensation Committee Member

Robert E. Flint has served as Chief Accounting Officer of Icahn Enterprises L.P. (NASDAQ: IEP) since January 2024. Prior to his appointment as Chief Accounting Officer, Mr. Flint served as Director of Accounting from November 2021 to December 2023 and previously served as Chief Audit Executive of the Company from March 2020 to November 2021. Mr. Flint was an independent management consultant from January 2017 to March 2020, serving a variety of clients and industries, including Icahn Automotive Group, LLC, a subsidiary of the IEP, from September 2018 to March 2020. Mr. Flint received his B.S. in Accounting and Finance from the University of Dayton School of Business Administration in 2001. Mr. Flint brings extensive experience in corporate finance and accounting, investor relations, risk management, as well as service on the boards of other public and private companies. Mr. Flint has served as director and chairman of CVR Energy, Inc. (NYSE: CVI), a diversified holding company primarily engaged in the renewable fuels and petroleum refining and marketing businesses as well as in the nitrogen manufacturing business through its interest in CVR Partners, LP (NYSE: UAN), since March 2025; has served as director of Vivus LLC, a pharmaceutical company, since July 2024; has served as director of WestPoint Home, a leader in innovation, design and fabrication in the textile industry, since July 2024; has served as director of Icahn Automotive Group LLC, a diversified holding company p

Dustin DeMaria

Mr. DeMaria has served as a financial associate at Icahn Enterprises L.P. and Icahn Capital L.P. since February of 2022. Prior to his position at Icahn Enterprises and Icahn Capital, Mr. DeMaria has served as a Director at Zipari, a portfolio company of Thoma Bravo. Prior to Zipari, Mr. DeMaria worked as an investment banking associate at Moelis & Company. Mr. DeMaria received an M.B.A from the S.C. Johnson College of Business at Cornell University and his B.B.A from Roanoke College

Colin Kwak

Colin Kwak has served as the Head Trader for Icahn Capital LP since February 2022. Previously, Mr. Kwak spent eighteen years employed at Gruss Capital Management LP. Mr. Kwak received a B.A. from the University of North Carolina Wilmington and a Juris Doctor degree from the University of Miami School of Law. Mr. Kwak is currently a member of the New York State Bar.

Stephen T. Mauer
Independent Director, Audit Committee Member, Compensation Committee Member

Mr. Maurer has served on our Board since 2022. Since 2019, Mr. Maurer has served Private Equity clients as an independent senior advisor focusing on driving improvements in cost, quality, and delivery for manufacturing companies. From 2005 - 2019 Mr. Maurer was a Managing Director at AlixPartners, where he co-led the firm's global Operations Practice, and led their Greater China business. Before joining AlixPartners, Mr. Maurer was a consultant with A.T. Kearney from 2000-2005, and The George Group from 1995 to 2000 where he focused on manufacturing and product development process improvement. Prior to consulting, Mr. Maurer was a design engineer with Lockheed Martin Tactical Aircraft Systems from 1987 - 1995. He has Bachelors and Master's degrees in Mechanical Engineering from the University of Iowa and an MBA from the College of William and Mary

Kenneth Shea
Independent Director, Audit Committee Member

Mr. Shea has served on our Board since 2020 and brings more than 30 years of experience in investment banking, private investment, and operations experience, primarily focused on the real estate, gaming, lodging, and leisure sectors. He is currently a Co-Founder and Managing Principal of Manufactured Housing Partners, LLC, a private real estate investment fund focused on the acquisition and operation of manufactured housing communities, founded in 2022. Prior to that, he was an Investment Partner with Pilot Growth Equity, a venture capital firm focused on growth-stage technology companies, from 2020 to 2022. From 2014 to 2019, Mr. Shea served as a Senior Managing Director at Guggenheim Securities, LLC, where he ran the firm's real estate, gaming & leisure investment banking department. He previously served as President of Coastal Capital Management, LLC from 2009 to 2014, as a Managing Director of Icahn Capital LP from 2008 to 2009, and as a Senior Managing Director of Bear, Stearns & Co. Inc., where he was employed from 1996 to 2008 and ran the firm's gaming & leisure investment banking practice. Mr. Shea currently serves on the boards of Lifepoint Health and Kindred Group plc. Previously, Mr. Shea served on the boards of Equity Commonwealth, Hydra Industries, Perthera.ai, CVR Refining, LP and Sunlight Financial Holdings. Mr. Shea received his BA in Economics, magna cum laude, from Boston College and an MBA from the University of Virginia.

Peter K. Shea
Independent Director, Audit Committee Member

Mr. Shea has served on our Board since 2006. Mr. Shea is an Independent Board Director; he is a director of CVR Partners LP (NYSE:UAN) since 2014. He was a Director of Hennessy Capital Partners I, II, III and IV (NASDAQ:HCAC during 2014 thru 2021, as well as Chairman of DecoPac Inc. (private) from 2017 to 2021. He was Chairman of the board of Voltari (OTC:VLTC) from 2014-2019, a director of TERI from 2016-2018, Chairman of Feradyne Sporting Goods from 2014-2019 and Chairman of Teasedale Foods from 2014-2019. Mr. Shea has been an independent consultant to various companies and an advisor to private equity firms since 2002. He has been an Operating Partner of Snow Phipps, a private equity firm, from 2013 to 2021. Mr. Shea served as an Operating Advisor for OMERS Private Equity from 2011 to 2016. Mr. Shea also has previously served as a director, Executive Chairman, Chairman, Chief Executive Officer, President or Managing director of a variety of companies, including Icahn Enterprises, H.J. Heinz Company in Europe, Specialty Meats Group, John Morrell & Company, United Brands Company, CTI Foods, Grupo Polymer United, Premium Standard Farms, Richmond Foods Limited, New Energy Company of Indiana, Give and Go Prepared Foods, TERI (Trump Entertainment Resorts Int'l) and Sitel World Wide Corp. Mr. Shea has an M.B.A. from the University of Southern California and a B.B.A. from Iona College.

Other Company Insiders
Carl Icahn
Icahn Enterprises L.P.
Other Company Insiders are all persons or entities beneficially owning 10% or more of any class of the issuer's securities. Together, officers, directors and other company insiders comprise Company Insiders.
Service Providers
Accounting/Auditing Firm
Grant Thornton LLP

Chicago, IL 60601

Profile Data
SIC - Industry Classification
3081 - Unsupported plastics film and sheet
Incorporation Information
DE, US, 1971
Employees
2,500 as of 12/31/2020
Shell
No
Products and Services

Food packaging

Company Facilities

The company's offices are located in Lombard, IL at the intersection of the East-West Tollway I-88 and Highland Avenue. The company leases 27,346 square feet of office space.

Company Notes
Note=11-02 Company filed petition under Chapter XI of the Federal Bankruptcy Code in the U.S. Bankruptcy Court for the Northern District of Illinois, Eastern Division. Prepackaged Plan of Reorganization effective 4-2-03: Holders of Com (Old) will receive 0.02 warrs to purchase shs of Com (New) for each sh Com (Old) held; Holders of 10.25% Senior Notes due 2001 will receive 10,340,000 shs of Com (New) on a basis of 63.4122 shs Com (New) per $1,000 prin amt and a pro rata share of $60,000,000 of new 8% Senior Sub Notes due 12-1-08; 660,000 shs of Com (New) will be reserved for company management & employees under a new Restricted Stock Plan
Formerly=Envirodyne, Inc to 2-78.
Formerly=Envirodyne Industries, Inc. until 9-98
Note=12-93 Court confirmed Plan of Reorganization & company released from Chapter XI bankruptcy proceedings
The Pink Limited Market is for broker-dealers to publicly quote securities with limited to no issuer involvement. Pink Limited companies do not certify their compliance with established reporting standards, have limited availability of disclosure or financial information and may not support their U.S. market. These securities are identified with a yield sign to warn investors to proceed with caution.
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Pink Limited Information
The Company Profile data was verified by the issuer within the previous 6 months.
The company’s transfer agent has verified its outstanding shares directly to OTC Markets.
The Company’s board of directors includes at least two Independent Directors.
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