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20 May 2020
LSC Communications Possible Break Up
CHICAGO—
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Once part of RR Donnelly , North America's largest printer
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LSC Communications the forth largest US printer has hired a investment bankers to explore a sale of the business that could see it broken up. The $3.3bn printer filed for Chapter 11 bankruptcy protection in April. LSC is exploreing a sale of the company or the four segments. The four segments identified are: books; magazines, catalogues and logistics; office products .
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Tried to merge with Quad but was blocked by the American Government
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LSC is largest book printer and publishing services printer in the US, with $1.1bn in sales. It prints for eight of the top ten book publishers. Its magazines, catalogues and logistics division has sales of $1.6bn. Office products is a $500m business. LSC’s operations in Mexico and Canada are excluded from the Chapter 11 filing. LSC Communications was spun off from RR Donnelly in 2016 with sales of about $3.7 billion and 22,000 employees.
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