LSC Communications Buys Privately-Held Creel in Blockbuster Publication, Commercial Printing Transaction

In a blockbuster deal announced today within the publication and commercial printing sectors, 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’s capabilities include full-color heatset and coldset web and sheetfed offset printing, regionally distributed variable digital production, wide-format printing and integrated digital solutions.

Creel has approximately 700 employees operating out of six facilities across the country, and is ranked among the Top 10 largest publication and the Top 50 commercial printers. Creel was ranked No. 35 on the 2016 Printing Impressions 400, reporting most recent fiscal year sales of $130.1 million, a 4% increase over its prior year. At the time, it broke its annual sales down as 25% catalogs, 25% digital, 15% publications, 10% direct mail, 10% commercial and 5% newspapers. These product mix percentages likely have changed, however, due to some of Creel’s internal moves and M&A deals that are mentioned further below.

Click here for the complete 2016 Printing Impressions 400, which annually lists the largest printers in the U.S. and Canada ranked by annual sales and is widely considered to be the most comprehensive resource throughout the commercial printing industry.

read more/source: http://www.piworld.com/article/lsc-communications-buys-privately-held-creel-blockbuster-publication-commercial-printing-transaction/