LSC Communications is an American commercial printing company based in

Chicago (''City in a Garden''); I Will , image_map = , map_caption = Interactive Map of Chicago , coordinates = , coordinates_footnotes = , subdivision_type = Country , subdivision_name ...

Illinois Illinois ( ) is a U.S. state, state in the Midwestern United States, Midwestern United States. Its largest metropolitan areas include the Chicago metropolitan area, and the Metro East section, of Greater St. Louis. Other smaller metropolita ...

, 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 A corporate spin-off, also known as a spin-out, or starburst or hive-off, is a type of corporate action where a company "splits off" a section as a separate business or creates a second incarnation, even if the first is still active. Characte ...

from

RR Donnelley R.R. Donnelley is an American Fortune 500 integrated communications company that provides marketing and business communications, commercial printing, and related services. Its corporate headquarters are located in Chicago, Illinois, United State ...

. 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 Dover Publications, also known as Dover Books, is an American book publisher founded in 1941 by Hayward and Blanche Cirker. It primarily reissues books that are out of print from their original publishers. These are often, but not always, books ...

. 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 Harvard University Press (HUP) is a publishing house established on January 13, 1913, as a division of Harvard University, and focused on academic publishing. It is a member of the Association of American University Presses. After the retirem ...

MIT Press The MIT Press is a university press affiliated with the Massachusetts Institute of Technology (MIT) in Cambridge, Massachusetts (United States). It was established in 1962. History The MIT Press traces its origins back to 1926 when MIT publish ...

, and

Yale University Press Yale University Press is the university press of Yale University. It was founded in 1908 by George Parmly Day, and became an official department of Yale University in 1961, but it remains financially and operationally autonomous. , Yale Universi ...

), 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 Quad (formerly Quad/Graphics) is an American commercial printing company which offers marketing strategy and management services, based in Sussex, Wisconsin. It was founded as a printing company on July 13, 1971, by Harry V. Quadracci. Since 20 ...

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, whe ...

in the

United States District Court for the Southern District of New York The United States District Court for the Southern District of New York (in case citations, S.D.N.Y.) is a United States district court, federal trial court whose geographic jurisdiction encompasses eight counties of New York (state), 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