9 December 2020
Atlas Closes Deal On Buying LSC Communications
CHICAGO—
Also owns AGI-Shorewood Packaging
Also owns AGI-Shorewood Packaging
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 .
Once the fourth largest printing in the US
Once the fourth largest printing in the US
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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