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

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