IEP Icahn Enterprises L P

Pep Boys Acquires Newpark Auto Service as Part of National Service Center Network Growth



Pep Boys, a wholly-owned subsidiary of Icahn Automotive Group LLC,
announced it has acquired Newpark Auto Service in Newark, California.



“Newpark is an excellent addition to our existing store base in the San
Francisco region, a target market for ongoing growth as we expand our
national service center network,” said James Healy, Senior Vice
President of Corporate Development and Strategy for Icahn Automotive.
“With its ideal location within a busy shopping center, and in an area
that is expanding, we see great potential to grow the shop’s business.”



Six-year-old Newpark has seven bays and will be transitioned into a Pep
Boys Service & Tire Center, providing high-quality total car care
service to customers in Newark and the surrounding communities.



About Pep Boys



Since 1921, Pep Boys has been one of the nation's leading automotive
aftermarket chains, providing name-brand tires; automotive maintenance
and repair; parts and expert advice for the Do-It-Yourselfer; commercial
auto parts delivery; and fleet maintenance and repair to customers
across the U.S. Pep Boys operates more than 9,000 service bays in
approximately 1,000 locations in 35 states and Puerto Rico. Customers
can find the nearest location by calling 1-800-PEP BOYS (1-800-737-2697)
or by visiting www.pepboys.com.
Pep Boys is owned by Icahn Automotive Group LLC.



About Icahn Automotive Group LLC



Icahn Automotive Group LLC was formed by its parent, Icahn Enterprises
L.P. (NASDAQ: IEP), to invest in and operate businesses involved in
aftermarket parts distribution and service. Our businesses have a
singular focus: provide premium automotive parts and services at a great
value. The businesses of Icahn Automotive Group today consist of Pep
Boys, an automotive aftermarket retail and service chain, Auto Plus®,
an automotive aftermarket parts distributor, Just Brakes®, an
automotive service chain, and Precision Tune Auto Care, a network of
owned and franchised automotive service centers.



Caution Concerning Forward-Looking Statements



This release contains certain “forward-looking statements” within the
meaning of the Private Securities Litigation Reform Act of 1995, many of
which are beyond our ability to control or predict. Forward-looking
statements may be identified by words such as “expects”, “anticipates”,
“intends”, “plans”, “believes”, “seeks”, “estimates”, “will” or words of
similar meaning. Forward-looking statements are not based on historical
facts, but rather on current expectations and projections about future
events, and are therefore subject to risks and uncertainties which could
cause actual results to differ materially from the future results
expressed or implied by the forward-looking statements. Such statements
are qualified in their entirety by the inherent risks and uncertainties
surrounding future expectations. We undertake no obligation to publicly
update or review any forward-looking information, whether as a result of
new information, future developments or otherwise.




13/09/2017
0 pages
EN

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