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9 December 2020
Atlas Closes Deal On Buying LSC Communications
CHICAGO—
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Also owns AGI-Shorewood Packaging
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LSC Communications is now formally under new ownership after Atlas Holdings completed its acquisition of the business in a court supervised process. The $3.3 billion US printer went into Chapter 11 bankruptcy protection in the spring. Atlas emerged as the purchaser in September. LSC was $900 million in debt before it went into Chapter 11 and was the fourth largest printer in the States .
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Once the fourth largest printing in the US
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LSC employs around 14,000 staff and has more than 50 facilities producing magazines, catalogues and is North America's largest book printer . LSC was formerly part of the giant RR Donnelley business, which split into three companies in 2016. LSC tried to merge with Quad/Graphics but the deal was called off in the summer of 2019 after US regulators moved to block the deal.
Atlas Holdings also owns packaging group AGI-Shorewood.
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