Atlas Holdings to acquire LSC Communications for $446m.

Atlas Holdings, a private investment & equity firm, agreed to acquire LSC Communications, an American multinational commercial printing company, for $446m. “We entered into this financial restructuring process in April due to the fundamental changes in our industry and to strengthen LSC’s financial position for the future. Through this transaction, we will be able to move ahead with an improved balance sheet and a more sustainable capital structure, enabling LSC to continue investing in our business and building on our strong foundation as a leader in print, mailing and distribution, and office products. With the support of Atlas and the Creditor Group, we will continue serving our customers with the same high standards of quality, reliability and innovation they expect. We look forward to partnering with Atlas in the weeks ahead to achieve a smooth sale process for our employees, customers and other stakeholders,” Thomas J. Quinlan III, LSC Communications’ Chairman, President and Chief Executive Officer. On September 30, 2020, New York bankruptcy judge gave a green light for the acquisition after LSC set aside $7m to settle unsecured claims.