LSC Communications
Parent Atlas Holdings | | |
Website | www |
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LSC Communications is an American commercial printing company based in Chicago, Illinois,[3] and, as of December 2020[update], a fully-owned subsidiary of Atlas Holdings.[4] The company was established in 2016 as part of a corporate spin-off from RR Donnelley.[5] It owns the publishers Research & Education Association and Dover Publications.
LSC is the largest producer of books in the United States.[6]
Acquisitions and divestitures
In 2017 and 2018, LSC made several purchases, including TriLiteral LLC (a book distributor owned by Harvard University Press, MIT Press, and Yale University Press),[7] Donnelley Logistics (former parent RR Donnelley's logistics business), logistics company Fairrington Transportation, Creel Printing, Publishers Press, envelope producer Quality Park, and logistics company Clark Group.[8]
In 2018, LSC announced the sale of all of its European printing operations to the Walstead Group.[8]
Failed buyout
In November 2018,
2020 bankruptcy
In 2020, LSC Communications, Inc. and 21 affiliated debtors filed Chapter 11 bankruptcy in the United States District Court for the Southern District of New York.[6] The company was purchased in December 2020 by the private equity holding company Atlas Holdings.[4]
References
- ^ a b "Inline XBRL Viewer".
- ^ http://fortune.com/company/lsc-communications/fortune Archived 2021-05-22 at the Wayback Machine 500/
- ^ "About Us - LSC Communications". www.lsccom.com. Retrieved 17 April 2018.
- ^ a b staff (December 10, 2020). "Atlas Holdings purchase of LSC Communications completed". Gasconade County Republican. Retrieved 16 April 2021.
- ^ Bushey, Claire (9 November 2018). "Print deal would dethrone R.R. Donnelley as industry's No. 1". Crain's Chicago Business. Retrieved 12 November 2018.
- ^ a b "Chicago-based LSC Communications files for Ch. 11 bankruptcy after 'unprecedented' drop in print demand". Chicago Tribune. 14 April 2020. Retrieved May 10, 2020.
- ^ "LSC Buys TriLiteral; Turner Purchases Gürze Books". PublishersWeekly.com. Retrieved 2018-07-08.
- ^ a b Michelson, Mark (19 July 2018). "LSC Communications Sells Its European Operations". Printing Impressions. Retrieved 12 November 2018.
- ^ Milliot, Jim (1 November 2018). "Quad/Graphics to Buy LSC Communications". Publishers Weekly. Retrieved 12 November 2018.
- ^ Romell, Rick (31 October 2018). "Quad/Graphics could nearly double in size with $1.4 billion purchase of Chicago firm". Milwaukee Journal Sentinel. Retrieved 12 November 2018.
- ^ "Justice Department Sues to Block Quad's Acquisition of LSC". 20 June 2019.
- ^ Romell, Rick (July 23, 2019). "Quad/Graphics, LSC Communications scrap merger in face of antitrust lawsuit". Milwaukee Journal Sentinel. Retrieved 2 August 2019.