LSC Communications

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LSC Communications
Public
Traded asNYSELKSD
S&P 600 Component
IndustryCommercial Printing
Founded2016
(from corporate spin-off)
Headquarters191 North Wacker Drive
Chicago, Illinois
United States
Key people
Thomas Quinlan III, CEO
Number of employees
24,000[1] (2017)
Websitehttps://www.lsccom.com/

LSC Communications is an American multinational commercial printing company based in Chicago, IL, United States.[2] The company was established in 2016 as part of a corporate spin-off from RR Donnelley,[3] it owns the publishers Research & Education Association and Dover Publications.

Acquisitions and divestitures[edit]

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),[4] 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.[5]

In 2018, LSC announced the sale of all of its European printing operations to the Walstead Group.[5]

Failed buyout[edit]

In November 2018, Quad/Graphics announced their intent to purchase LSC in an all-stock deal;[6] the purchase was expected to double Quad's business overall, primarily in magazines, catalogs, retail inserts and books.[7] 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. [8] One month later, the companies announced they would discontinue the deal rather than right the lawsuit.[9]

References[edit]

  1. ^ "LSC Communications, Inc.: Private Company Information - Bloomberg". www.bloomberg.com. Retrieved 17 April 2018.
  2. ^ "About Us - LSC Communications". www.lsccom.com. Retrieved 17 April 2018.
  3. ^ 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.
  4. ^ "LSC Buys TriLiteral; Turner Purchases Gürze Books". PublishersWeekly.com. Retrieved 2018-07-08.
  5. ^ a b Michelson, Mark (19 July 2018). "LSC Communications Sells Its European Operations". Printing Impressions. Retrieved 12 November 2018.
  6. ^ Milliot, Jim (1 November 2018). "Quad/Graphics to Buy LSC Communications". Publishers Weekly. Retrieved 12 November 2018.
  7. ^ 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.
  8. ^ https://www.justice.gov/opa/pr/justice-department-sues-block-quad-s-acquisition-lsc
  9. ^ Romell, Rick (July 23, 2019). "Quad/Graphics, LSC Communications scrap merger in face of antitrust lawsuit". Milwaukee Journal Sentinel. Retrieved 2 August 2019.