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Corporation
BUSINESS PRODUCTS & SERVICES | Commercial Printing
lsccom.com

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Investments

3

Portfolio Exits

3

Partners & Customers

10

Service Providers

2

About LSC Communications

LSC Communications (NYSE: LKSD) provides traditional and digital print, print-related services, and office products that serves the needs of publishers, merchandisers, and retailers. The company's service offering includes e-services, warehousing, and fulfillment and supply chain management. LSC utilizes a broad portfolio of technology capabilities coupled with consultative attention to clients' needs to increase speed to market, reduce costs, provide postal savings to clients, and improve efficiencies.

LSC Communications Headquarter Location

191 North Wacker Drive

Chicago, Illinois, 60606,

United States

844-572-5720

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LSC Communications Web Traffic

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Latest LSC Communications News

The Target Report: October 2021 M&A Activity, a Look Back at the Dotcom Era

Nov 16, 2021

The following article was originally published by Printing Impressions . To read more of their content, subscribe to their newsletter, Today on PIWorld . The printing industry had its own dotcom boom and bust. It was at the end of the last millennium and the big Print show held at McCormick Place in Chicago was all abuzz about the dotcom companies that were invading the industry. These upstarts were making big promises that they represented the new way that printers and their customers would come together via automated internet-based platforms. The star of the show was printCafe, a newly agglomerated collection of acquired existing printing management information systems. With a hipster booth, all decked out in coffee brown and a clever steaming cup of coffee logo, the prime show location was mobbed. Some attendees, myself included, were trying to understand what it meant now that my printing company’s MIS system had been acquired by and was part of a dotcom darling. Did I really want this upstart coming between my company and our customers? Exactly who did they intend to serve, printers like me or our customers? I knew right away that the reverse auction feature did not sound good. Along the back wall was another dotcom startup promising to change the world of printing. They called themselves Noosh, a whimsical name with a correspondingly whimsical logo. At the time, it was not exactly clear what they intended their software to do for printers, or maybe do to printers. But it certainly was exciting. The dotcom craze was in full swing and every day a new company appeared ready disrupt another industry, from books to pet food (as we now know, the book thing worked out, the pet food thing did not). Printing was just next in line. It’s been two decades since the internet bubble burst in 2000, dotcom stocks crashed, high-flying companies evaporated overnight, and internet companies lost an aggregate 75% of their value in six months. PrintCafe missed the boat, planning to go public in March 2000, the same month that the warning flags went up that many of the dotcom companies were burning cash with no prospect of making a profit. Not to be dissuaded, and still burning cash, printCafe went public the next year, eventually earning the position as the second-worst initial public offering of 2002, losing 90% of its initial offering price. As it turned out, not much changed with the MIS systems. Progress came to a virtual halt with the MIS systems until eventually EFI acquired printCafe. EFI dropped the caffeine-inspired theme and began the difficult job of making sense out of the disparate members of the coffee clutch. Noosh somehow made it through and survived, morphing into a marketing execution and procurement system. The logo grew up, as did the business, recently reported to have in excess of $1.2 billion of spending coursing through the Noosh system on the way to printing and promotional suppliers. The audience for Noosh is now clear, large corporate enterprise marketing departments and advertising agencies are each offered a version to support their procurement of marketing materials and control costs. Printing companies need not apply. The Noosh website still promotes the dreaded reverse auction, a very unpopular (among printers), but common, feature of early internet-based print purchasing platforms, in which participating printers get the privilege of finding out which company will lower their price the most. HH Global, the UK-based print and marketing management company, announced the purchase of Noosh , touting that the combination of the companies “will allow both businesses to leverage greater aggregated spend under management.” The purchasing power of HH Global is not welcome at many printing companies when they find out that their formerly loyal customers have outsourced the print buying decision to a global behemoth whose very existence is based on relentlessly squeezing down suppliers’ margins. The acquisition of Noosh comes a little more than a year after HH Global took out Innerworkings, its major competitor in the print management business (see  Buyers are On The Move and On Track, Marketing Execution (Print Management) – July 2020 ). Much has changed since the dotcom boom and bust. Printing companies still have direct relationships with many of their customers. The promise of printCafe and Noosh did not play out as their founders thought and promised back in Chicago. However, as it turns out, a significant portion of the spend on printing and related marketing materials was disrupted and is now controlled by a global intermediary using internet-based technology. Commercial Printing Allan Creel, formerly the owner of Creel Printing, is back in the game with the purchase of Fenske Media in Rapid City, South Dakota. Creel was an early devotee of on-demand digital printing technologies within the commercial printing segment, acquiring New Jersey-based GlobalSoft Digital Solutions back in 2015, a quantum-jump in distance and technology from the large offset printing facility the company had in Las Vegas. Creel Printing grew to six locations, $120 million in revenue, and approximately 700 employees, before selling out to LSC Communications in 2017. In another stop on a long and winding road, in 2020 Creel bought back his namesake company in a 363-asset sale from LSC Communications when LSC entered bankruptcy. That did not last long and select assets of the company were sold to national consolidator Mittera Group less than five months later and the Las Vegas operation was shut down. People in the printing industry often say the ink gets in your blood and no matter how hard you try the industry draws you back in. It seems that Allan Creel would agree. Packaging

LSC Communications Investments

3 Investments

LSC Communications has made 3 investments. Their latest investment was in MAZ Systems as part of their Series A on August 8, 2018.

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LSC Communications Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

8/8/2018

Series A

MAZ Systems

$3M

Yes

4

7/24/2017

Seed - II

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$99M

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10

Other Investors

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$99M

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10

Date

8/8/2018

7/24/2017

Round

Series A

Seed - II

Other Investors

Company

MAZ Systems

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Amount

$3M

$99M

$99M

New?

Yes

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Co-Investors

Sources

4

10

10

LSC Communications Portfolio Exits

3 Portfolio Exits

LSC Communications has 3 portfolio exits. Their latest portfolio exit was MAZ Systems on September 15, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

9/15/2021

Acquired

1

00/00/0000

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$991

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10

00/00/0000

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10

Date

9/15/2021

00/00/0000

00/00/0000

Exit

Acquired

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Companies

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Valuation

$991

Acquirer

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Sources

1

10

10

LSC Communications Acquisitions

8 Acquisitions

LSC Communications acquired 8 companies. Their latest acquisition was R.R. Donnelley & Sons Company - Print Logistics Business on May 02, 2018.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

5/2/2018

Acquired Unit

2

4/3/2018

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$99M

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10

11/29/2017

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$99M

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10

11/9/2017

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$99M

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10

9/7/2017

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$99M

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10

Date

5/2/2018

4/3/2018

11/29/2017

11/9/2017

9/7/2017

Investment Stage

Companies

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Valuation

Total Funding

$99M

$99M

$99M

$99M

Note

Acquired Unit

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Sources

2

10

10

10

10

LSC Communications Partners & Customers

10 Partners and customers

LSC Communications has 10 strategic partners and customers. LSC Communications recently partnered with Elsevier on December 12, 2018.

Date

Type

Business Partner

Country

News Snippet

Sources

12/6/2018

Licensee

Elsevier

Netherlands

LSC Communications Signs Multi-Year Agreement with Elsevier to Provide Book Fulfillment and Distribution Services in USA

-- -- LSC Communications announced today a multi-year agreement with Elsevier , the global information analytics business specializing in science and health .

1

8/7/2018

Client

Sussman Education

United States

LSC Communications Awarded Supply Chain Services Agreement with Sussman Education Company, Inc./Lightswitch Learning, LLC.

-- -- LSC Communications , Inc. , a leader in traditional and digital printing solutions , announced today that it has been awarded a multi-year supply chain services agreement with educational publishing company Sussman Education Company , Inc. and its publishing imprint , Lightswitch Learning , LLC .

1

8/7/2018

Client

Sussman Education

United States

LSC Communications Awarded Supply Chain Services Agreement with Sussman Education Company, Inc./Lightswitch Learning, LLC.

-- -- LSC Communications , Inc. , a leader in traditional and digital printing solutions , announced today that it has been awarded a multi-year supply chain services agreement with educational publishing company Sussman Education Company , Inc. and its publishing imprint , Lightswitch Learning , LLC .

1

7/11/2018

Client

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10

7/11/2018

Client

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10

Date

12/6/2018

8/7/2018

8/7/2018

7/11/2018

7/11/2018

Type

Licensee

Client

Client

Client

Client

Business Partner

Elsevier

Sussman Education

Sussman Education

Country

Netherlands

United States

United States

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News Snippet

LSC Communications Signs Multi-Year Agreement with Elsevier to Provide Book Fulfillment and Distribution Services in USA

-- -- LSC Communications announced today a multi-year agreement with Elsevier , the global information analytics business specializing in science and health .

LSC Communications Awarded Supply Chain Services Agreement with Sussman Education Company, Inc./Lightswitch Learning, LLC.

-- -- LSC Communications , Inc. , a leader in traditional and digital printing solutions , announced today that it has been awarded a multi-year supply chain services agreement with educational publishing company Sussman Education Company , Inc. and its publishing imprint , Lightswitch Learning , LLC .

LSC Communications Awarded Supply Chain Services Agreement with Sussman Education Company, Inc./Lightswitch Learning, LLC.

-- -- LSC Communications , Inc. , a leader in traditional and digital printing solutions , announced today that it has been awarded a multi-year supply chain services agreement with educational publishing company Sussman Education Company , Inc. and its publishing imprint , Lightswitch Learning , LLC .

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Sources

1

1

1

10

10

LSC Communications Service Providers

2 Service Providers

LSC Communications has 2 service provider relationships

Service Provider

Associated Rounds

Provider Type

Service Type

Take Private

Investment Bank

Financial Advisor

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Service Provider

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Associated Rounds

Take Private

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Provider Type

Investment Bank

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Service Type

Financial Advisor

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Partnership data by VentureSource

LSC Communications Team

12 Team Members

LSC Communications has 12 team members, including current Chief Executive Officer, David McCree.

Name

Work History

Title

Status

David McCree

Chief Executive Officer

Current

Thomas Quinlan

Chief Executive Officer, President

Current

George Zengo

Chief Executive Officer

Current

John Coyle

President

Current

Charles H Skip Fischer III CPA

President

Current

Name

David McCree

Thomas Quinlan

George Zengo

John Coyle

Charles H Skip Fischer III CPA

Work History

Title

Chief Executive Officer

Chief Executive Officer, President

Chief Executive Officer

President

President

Status

Current

Current

Current

Current

Current

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