In a blockbuster deal, Chicago-based LSC Communications has entered into a definitive agreement to acquire Creel Printing, a privately-owned offset and digital printing company headquartered in Las Vegas. Creel has approximately 700 employees operating out of six facilities across the country, and is ranked among the top 10 largest publication and Top 50 commercial printers.
LSC Communications announced the release of IntercepTag solution delivering a platform for verifying textbook authenticity.
This week, Julie Greenbaum highlights industry news about LSC Communications closing its Salem, Va., book printing plant, impacting 140 workers; Mossberg & Co. buying 94-year-old Foster Printing; Precision Dialogue, an RR Donnelley company, signing a new multi-year agreement with Wolverine Worldwide; the Postal Service Postmaster General and CEO Megan J. Brennan revealing a new feature, Informed Delivery; and the printing industry achieving a major victory over patent trolls.
RRD has reported financial results for the first quarter 2017. The results represent RRD following the October 1, 2016 spinoffs.
LSC has expanded its relationship with Apologia Educational Ministries beyond print to provide fulfillment and distribution services.
LSC has announced that RRD, a stockholder of the Company, has completed the sale of 6,242,802 shares of the common stock.
LSC Communications has announced that R. R. Donnelley & Sons Company intends to offer 6,242,802 shares of the Company’s common stock.
RR Donnelley has released its financial results for the fourth quarter 2016. The company reports that net sales in the quarter were $1.88 billion, up $67.0 million or 3.7% from the fourth quarter of 2015. This increase was primarily due to $80.4 million in net sales previously recognized by reporting units that are now part of LSC and Donnelley Financial and $14.0 million from the previously announced acquisition of Precision Dialogue, partially offset by a negative $16.1 million impact from changes in foreign exchange rates, a $6.3 million reduction related to dispositions completed earlier in the year and a consolidated net organic sales decline of 0.4%.
LSC Communications has reported financial results for the fourth quarter of 2016 and guidance for the full year of 2017.
LSC Communications will create one of the world’s largest digital book production platforms with HP technology.