7 October 2020
LSC Deal Gets Court Approval
Fourth largest printer in the US.
Fourth largest printer in the US.
LSC Communications, announced that the U.S. Bankruptcy Court for the Southern District of New York has approved its previously announced stock and asset purchase agreement, under which an affiliate of Atlas Holdings  with the support of certain of LSC’s secured creditors, will acquire substantially all of the Company’s assets.
Buying LSC out of Chapter 11
Buying LSC out of Chapter 11
The transaction remains subject to closing conditions, including regulatory approvals. The transaction is expected to close during the fourth quarter of 2020. 
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.  Other divisions include magazines, catalogues, logistics and office products . LSC’s has operations in Mexico and Canada.  LSC Communications was spun off from RR Donnelly in 2016 with about 22,000 employees.
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