HOME

TheInfoList



OR:

LSC Communications is an American commercial printing company based in Chicago, Illinois, and, as of December 2020, a fully-owned subsidiary of Atlas Holdings. The company was established in 2016 as part of a corporate spin-off from RR Donnelley. It owns the publishers
Research & Education Association Research & Education Association (REA) publishes test preparation materials and study guides, both in print and electronic form. History REA was founded by Max Fogiel in 1959 as an educational publisher, concentrating on problems and solutions, ...
and Dover Publications. LSC is the largest producer of books in the United States.


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), 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. In 2018, LSC announced the sale of all of its European printing operations to the Walstead Group.


Failed buyout

In November 2018, Quad/Graphics announced their intent to purchase LSC in an all-stock deal. The purchase was expected to double Quad's business overall, primarily in magazines, catalogs, retail inserts and books. On June 20, 2019, the Department of Justice issued a press release indicating that it would sue to block the proposed purchase of LSC Communications by Quad Graphics. One month later, the companies announced they would discontinue the deal rather than fight the lawsuit.


2020 bankruptcy

In 2020, LSC Communications, Inc. and 21 affiliated debtors filed
Chapter 11 bankruptcy Chapter 11 of the United States Bankruptcy Code (Title 11 of the United States Code) permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as Chapter 11 bankruptcy, is available to every business, wheth ...
in the United States District Court for the Southern District of New York. The company was purchased in December 2020 by the private equity holding company Atlas Holdings.


References

RR Donnelley Printing companies of the United States Manufacturing companies based in Chicago Manufacturing companies established in 2016 American companies established in 2016 Corporate spin-offs Companies that filed for Chapter 11 bankruptcy in 2020 2020 mergers and acquisitions {{US-publishing-company-stub