Atlas acquires print and digital media solutions provider LSC Communications
Atlas Holdings has wrapped up its acquisition of almost all of the assets of LSC Communications, a US-based provider of print and digital media solutions.
The deal marks the conclusion of a court-supervised sale process, in accordance with Section 363 of the US bankruptcy code.
Timothy J. Fazio – Co-Founder and Managing Partner of Atlas Holdings said: “Atlas is the ideal fit as LSC’s new partner. Our roots are in paper – the investment that launched Atlas more than two decades ago was the purchase of a single paper mill in Indiana.
“Since then, our team has developed deep sector expertise in printing, paper and adjacent industries such as packaging and paper receipts and labels. This knowledge, coupled with our proven ability to transform businesses facing challenging market environments, positions LSC for a bright future.”
LSC Communications is a producer of books in the US and a manufacturer and distributor of magazines, catalogs, and office products.
Created in 2016 as a spinoff from R.R. Donnelley, the company is a printing and commercial solutions provider that caters to publishers, merchandisers, and retailers.
LSC Communications is said to have over 14,000 associates across 50 plus facilities. Its business is organized around four business units – Magazine, Catalog & Logistics, Books, TOPS Products, and its Mexico Print operations.
Neil Mahajan – Partner of Atlas Holdings said: “We’re excited to officially welcome LSC’s dedicated associates to the Atlas Family and join them in writing the next chapter in the story of a great printing company.
“As long-term partners, we work with our businesses to win in their core markets – while leveraging our asset base to identify and seize new growth opportunities. That is exactly what we will do with the team at LSC.”