LSC Communications, Inc. | |
Type: | Subsidiary |
Industry: | Commercial printing |
Foundation: | 2016 (from corporate spin-off) |
Location: | 191 North Wacker Chicago, Illinois United States |
Revenue: | US$3.326 billion (2019)[1] |
Operating Income: | US$ million (2019) |
Profit: | US$ million (2019) |
Assets: | US$1.649 billion (2019) |
Equity: | US$ million (2019) |
Num Employees: | 20,000 (2020)[2] |
Parent: | Atlas Holdings |
LSC Communications is an American commercial printing company based in Chicago, Illinois,[3] and,, 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]
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]
In November 2018, Quad/Graphics announced their intent to purchase LSC in an all-stock deal.[9] The purchase was expected to double Quad's business overall, primarily in magazines, catalogs, retail inserts and books.[10] 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.[11] One month later, the companies announced they would discontinue the deal rather than fight the lawsuit.[12]
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]