By PrintAction Staff
By PrintAction Staff
LSC Communications, the Chicago-based printing entity spun off from RR Donnelley in October 2016, has entered into a definitive agreement to acquire Creel Printing, a privately owned offset and digital printing company based in Las Vegas, Nevada. The acquisition would bring together two of North America’s largest printing companies, including LSC which holds two of its 49 facilities in Canada – Mississauga and Newmarket.
“The alignment with LSC will create tremendous value for both companies, our employees and our loyal customers. I personally am incredibly excited about the future of Creel and LSC,” said Creel’s CEO, Allan Creel. Creel’s capabilities include full-colour web and sheetfed printing, variable digital production, large-format printing, and integrated digital solutions. Creel’s history dates back to the 1950s. The company runs a 250,000-square-foot facility in Las Vegas and four digital facilities, including a plant in France.
According to U.S.-based trade magazine Printing Impressions, Creel has approximately 700 employees operating out of six facilities across the country and – based on the magazine’s annual 400 listing – is ranked among the Top 10 largest publication and the Top 50 commercial printers in the country. The Printing Impressions 400 listing indicated Creel generated sales of US$130.1 million in its most recent fiscal year.
Led by Chairman and CEO Thomas Quinlan III, LSC ranked No. 3 on the latest Printing Impressions 400, reporting 2016 revenues of US$3.65 billion with 49 manufacturing plants and approximately 20,000 employees. LSC has facilities in the United States, Poland, Mexico and Canada.
“This acquisition will expand the capabilities of LSC’s offset and digital production platform and bring enhanced technologies to support our clients’ evolving needs, specifically in the magazine media and retail marketing industries,” said Quinlan. “With one of the most advanced digital platforms in the U.S., plus a strong west coast presence, Creel is an excellent fit for LSC.”