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On the Record · LSC Communications

LSC Communications acquisitions, on the record

The businesses LSC Communications bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

BusinessDealWhenValue
The Clark Group
Word for word“On November 29, 2017, the Company acquired The Clark Group, (“Clark Group”), a third-party logistics provider of distribution, consolidation, transportation management and international freight forwarding services.” 10-K for 2017
acquisitionOn November 29, 2017—
Quality Park
Word for word“On November 9, 2017, the Company acquired Quality Park, a producer of envelopes, mailing supplies and assorted packaging items.” 10-K for 2017
acquisitionOn November 9, 2017—
Publishers Press
Word for word“On September 7, 2017, the Company acquired Publishers Press , a printing provider with capabilities such as web-offset printing, prepress and distribution services for magazines and retail brands.” 10-K for 2017
acquisitionOn September 7, 2017—
NECI, LLC (assets of NECI)
Word for word“On August 21, 2017, the Company acquired the assets of NECI, a supplier of commodity and specialty filing supplies .” 10-K for 2017
acquisitionOn August 21, 2017—
CREEL Printing
Word for word“On August 17, 2017, the Company acquired CREEL, an offset and digital printing company.” 10-K for 2017
acquisitionOn August 17, 2017—
Fairrington Transportation Corp., F.T.C. Transport, Inc. and F.T.C. Services, Inc. (Fairrington)
Word for word“On July 28, 2017, the Company acquired Fairrington, a full-service, printer-independent mailing logistics provider in the United States.” 10-K for 2017
acquisitionOn July 28, 2017—
HudsonYards Studios (HudsonYards)
Word for word“On March 1, 2017, the Company acquired HudsonYards, a digital and print premedia production company that provides high-quality creative retouching, computer-generated imagery, mechanical creation, press-ready file preparation, and interactive production services, for $3 million in cash.” 10-K for 2017
acquisitionOn March 1, 2017for $3 million in cash.
Continuum Management Company, LLC (Continuum)
Word for word“On December 2, 2016, the Company acquired Continuum Management Company, LLC (“Continuum”), a print procurement and management business, for $7 million in cash.” 10-K for 2017
acquisitionOn December 2, 2016—
Courier Corporation (Courier)
Word for word“On June 8, 2015, RRD acquired Courier Corporation (“Courier”), a leader in digital printing and publishing primarily in the United States that specializes in educational, religious and trade books, for $137 million in cash and 8 million shares of RRD common stock, for a total transaction value of $292 million.” 10-K for 2017
acquisitionOn June 8, 2015for $137 million in cash and 8 million shares of RRD common stock, for a total transaction value of $292 million.
Quad/Graphics, Inc.
Word for word“On October 30, 2018, the Company entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Quad/Graphics, Inc. (“Quad/Graphics”), and QLC Merger Sub, Inc., a direct, wholly-owned subsidiary of Quad/Graphics (“Merger Sub”).” 10-K for 2018
agreed acquisitionOn October 30, 2018—
European printing business
Word for word“The Company sold its European printing busine ss on September 28, 2018 for $47 million in cash.” 10-K for 2018
divestitureSeptember 28, 2018$47 million in cash
Retail offset printing facilities
Word for word“Until the Company sold its retail offset printing facilities on June 5, 2018, our retail insert customers included retailers who distribute their inserts in newspapers distributed to newspaper subscribers and via in-store distribution.” 10-K for 2018
divestitureJune 5, 2018—
Print Logistics
Word for word“Print Logistics Integrated logistics services provider with distribution network $52 million in cash November 29, 2017 Clark Group Third-party logistics provider of distribution, consolidation, transportation management and international freight forwarding services $25 million in cash November 9, 2017 Quality Park Producer of envelopes, mailing supplies and assorted packaging items $41 million in cash September 7, 2017 Publishers Press, LLC Printing provider with capabilities such as web-offset printing, prepress and distribution services for magazines and retail brands $68 million in cash August 21, 2017 NECI Supplier of commodity and specialty filing supplies $6 million in cash August 17, 2017 CREEL Offset and digital printing company $79 million in cash July 28, 2017 Fairrington Full-service, printer-independent mailing logistics provider in the United States $19 million in cash and ~1.0 million shares of LSC common stock (total value $39 million) March 1, 2017 HudsonYards Digital and print premedia production company that provides high-quality creative retouching, computer-generated imagery, mechanical creation, press-ready file preparation, and interactive production services $3 million in cash 6 The Company sold its European printing busine ss on September 28, 2018 for $47 million in cash.” 10-K for 2018
acquisition—$52 million in cash
NECI, LLC
Word for word“NECI Supplier of commodity and specialty filing supplies $6 million in cash August 17, 2017 CREEL Offset and digital printing company $79 million in cash July 28, 2017 Fairrington Full-service, printer-independent mailing logistics provider in the United States $19 million in cash and ~1.0 million shares of LSC common stock (total value $39 million) March 1, 2017 HudsonYards Digital and print premedia production company that provides high-quality creative retouching, computer-generated imagery, mechanical creation, press-ready file preparation, and interactive production services $3 million in cash 6 The Company sold its European printing busine ss on September 28, 2018 for $47 million in cash.” 10-K for 2018
acquisition—$6 million in cash
Fairrington Transportation Corp.
Word for word“Fairrington Full-service, printer-independent mailing logistics provider in the United States $19 million in cash and ~1.0 million shares of LSC common stock (total value $39 million) March 1, 2017 HudsonYards Digital and print premedia production company that provides high-quality creative retouching, computer-generated imagery, mechanical creation, press-ready file preparation, and interactive production services $3 million in cash 6 The Company sold its European printing busine ss on September 28, 2018 for $47 million in cash.” 10-K for 2018
acquisition—$19 million in cash and ~1.0 million shares of LSC common stock (total value $39 million)
HudsonYards Studios, LLC
Word for word“HudsonYards Digital and print premedia production company that provides high-quality creative retouching, computer-generated imagery, mechanical creation, press-ready file preparation, and interactive production services $3 million in cash 6 The Company sold its European printing busine ss on September 28, 2018 for $47 million in cash.” 10-K for 2018
acquisition—$3 million in cash
Commingle operations
Word for word“The Company’s dispositions are listed below: • Commingle operations on August 20, 2019; • European printing business on September 28, 2018 for $47 million in cash; and • Retail offset printing facilities on June 5, 2018.” 10-K for 2019
divestitureAugust 20, 2019—
As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year endedCash paid for acquisitions (net of cash acquired)Cash received from selling businessesGoodwill from acquisitions
2016-12-31$8 million—$71 million
2017-12-31$236 million$0$21 million
2018-12-31$48 million$47 million—
2019-12-31$3 million$6 million—

Deal filings since 2016

Read from LSC Communications’s annual reports (10-K for 2019, 10-K for 2018, 10-K for 2017) and the financial data it files with the SEC, as of 2020-03-02. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.