LSC Communications Reveals Plans to Close Three Magazine and Catalog Printing Plants

Since the announcement of the termination of LSC’s merger agreement with Quad in July 2019 as the result of a U.S. Department of Justice (DOJ) lawsuit to block the then-proposed $1.4 billion, all-stock acquisition of LSC by Quad on antitrust concerns (click here to read a June 21, 2019, Printing Impressions analysis on what the DOJ determined as the basis for its lawsuit), LSC has taken a series of actions to try to strengthen its operational and financial position. According to the Jan. 14 press release, LSC also indicated that it has undertaken other actions to strengthen its position, including the implementation of new capabilities to enhance its cooperative mailing solutions, the relocation of key equipment, an increased focus on technology solutions for specific markets, and strategic changes to LSC’s supply chain to reduce working capital requirements. According to a Jan. 31, 2018, article in the Journal Gazette & Times Courier, the former RR Donnelley, Mattoon, Ill., plant celebrated its 50th anniversary in 2018.