LSC Communications and RRD Enter into a Definitive Agreement for LSC to Acquire the Print Logistics Component of RRD’s Logistics Business

LSC Communications (NYSE: LKSD) and R.R. Donnelley & Son’s Company (NYSE: RRD) (“RRD”) announced today that they have entered into a definitive agreement for LSC Communications to acquire the Print Logistics component of RRD’s Logistics business. RRD’s Print Logistics capabilities include a range of logistics services and technologies to optimize the print distribution and mail supply chain, including solutions that drive postal discounts. The acquisition is expected to close in Q3 2018.

President of LSC Logistics, George Zengo, commented, “As we continue to strengthen LSC’s logistics solution offering, the combination of RRD’s Print Logistics with our recent acquisitions of Fairrington and The Clark Group greatly expands our national footprint. This gives LSC the natural synergies and scale to improve service and add more value to our current client base, as well as extends our reach deeper into a variety of other industries.”

Dan Knotts, RRD’s President and Chief Executive Officer stated, “The sale of our Print Logistics business represents a significant step forward in our strategic transformation as a marketing and business communications company. This transaction allows us to focus on executing our core strategy of helping our clients more effectively manage the complexities of personalized marketing and sustain meaningful connections with their customers across the full customer journey.”

This represents LSC’s third acquisition in the logistics space in the past 12 months as the Company continues to execute its strategic focus on expanding its print and non-print distribution capabilities.
http://investor.rrd.com/news-releases/2018/05-02-2018-112959374

Related Posts

Printing Industry Hall of Fame Inductee Chris Carpenter, of Royle Printing, Builds Relationships Upon Respect (piworld.com)

In the 30-plus years that Chris Carpenter has been in the industry, there are two themes that have guided his career: You must be flexible to change, but to do so, you must also stick to your beliefs. Carpenter, president and owner of Sun Prairie, Wisconsin-based Royle Printing, and his team have seen their share of change over the years, with the COVID-19 pandemic, increasing moves toward the digital world, and current paper shortages and hiring challenges being the most recent. But you don’t accumulate 30 years on your resume by giving up. Carpenter’s illustrious career — which has earned him a spot as a 2022 inductee into the Printing Impressions/RIT Printing Industry Hall of Fame — is shaped around hard work, passion for the graphic arts industry, and constantly working to build relationships with employees and customers.

RRD Reports Second Quarter 2021 Results

Organic net sales increased 11.4%. The Business Services segment was up 14.3% on a GAAP basis while the Marketing Solutions segment was up 10.3% both on a GAAP organic basis from the second quarter of 2020. The Business Services segment experienced growth in several of our strategic focus areas including Packaging, Labels and Supply Chain Management. Net sales in Marketing Solutions also experienced growth, led by higher volumes in Digital Print and Fulfillment and Direct Marketing, partially offset by last year’s Census project, which was completed in mid-2020. Income from operations was $28.2 million in the second quarter of 2021 compared to loss from operations of $19.0 million in the second quarter of 2020. The second quarter of 2021 included net restructuring, impairment and other charges of $9.7 million, a decrease of $18.7 million from the prior year period primarily due to lower consulting and employee termination costs.

Quad/Graphics Acquires Majority Interest in Rise Interactive

Quad/Graphics announced that it has increased its equity position in Rise Interactive, acquiring a majority ownership stake in the award-winning digital marketing agency. Quad/Graphics has owned a non-controlling interest in Rise since July 2016. The investment accelerates Quad’s ongoing transformation to leverage its strong print foundation as part of a much larger integrated marketing platform that addresses clients’ increasing need to reduce complexity and improve process efficiencies and marketing spend effectiveness. This industry-differentiating platform allows Quad to fulfill traditional agency functions, such as data and media strategy, while also providing integrated marketing execution across multiple channels – both online and offline. “We are pleased to strengthen our strategic partnership with Rise, which shares our Quad 3.0 vision for reinventing how clients plan, integrate, execute and measure campaigns more efficiently and effectively across all media channels,” said Joel Quadracci, Chairman, President & CEO of Quad/Graphics. Click Read More below for additional information.
Back To Top
×Close search
Search