Company type | Subsidiary |
---|---|
Industry | Commercial printing |
Founded | 2016 (from corporate spin-off) |
Headquarters |
191 North Wacker Chicago, Illinois United States |
Revenue | US$3.326 billion (2019) [1] |
US$−157 million (2019) | |
US$−295 million (2019) | |
Total assets | US$1.649 billion (2019) |
Total equity | US$−72 million (2019) |
Number of employees | 20,000 (2020) [1] [2] |
Parent | Atlas Holdings |
Website |
www |
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]
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]