Atlas Holdings announced that it has completed its acquisition of substantially all of the assets of LSC Communications, Inc., a North American leader in print and digital media solutions. The transaction concludes a court-supervised sale process, pursuant to Section 363 of the U.S. Bankruptcy code. 

LSC is the largest producer of books in the US and a leading manufacturer and distributor of magazines, catalogs and office products. Formed in 2016 as a spinoff from R.R. Donnelley, LSC is a North American printing and commercial solutions provider, servicing publishers, merchandisers and retailers. With more than 14,000 dedicated associates across more than 50 facilities, the company is organized around four business segments, Magazine, Catalog & Logistics, Books, TOPS Products and its Mexico Print operations, which collectively service the traditional and digital print, print-related services and office products markets. 

LSC begins its new chapter with a strong balance sheet, an optimized manufacturing footprint, and a more competitive cost structure. “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,” said Timothy J. Fazio, co-founder and managing partner of Atlas Holdings. “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.”

Source: Ink World Magazine