Acquisition Streamlines Printing Supply
Chain for Publishers and Gives Lakeside the Most Extensive Product
Portfolio Available in the Book Manufacturing Industry
WARRENVILLE, Ill., April 13,
2022 /PRNewswire/ -- Lakeside Book Company
("Lakeside") announced today that
it has completed its acquisition of Phoenix Color Corp.
("Phoenix") from ALJ Regional
Holdings, Inc. (NASDAQ: ALJJ) ("ALJ"). Phoenix is a specialty printer of book
components, children's books, and other print-related products with
printing facilities in Indiana and
Maryland. In addition to book
manufacturing, Lakeside provides
distribution, sales and marketing services, as well as intellectual
property and brand protection technology to book publishers. With
this acquisition, Lakeside
customers will have access to the most extensive portfolio of
products, services, and solutions available in the industry.
Phoenix will operate as a
division of Lakeside Book Company. Dave
McCree, Lakeside's Chief
Executive Officer, will lead the combined business. Marc Reisch, former Executive Chairman of
Phoenix, will support the business
through the integration and remain with ALJ. Phoenix President
John Carbone is retiring from the
company as Phoenix begins this new
era as a division of Lakeside.
"Phoenix has been a premier
supplier for publishing companies for over forty years. I wish to
thank Marc and John for their leadership, which helped to earn
Phoenix its position as the
industry standard in both quality and service. We will uphold this
reputation and are delighted to welcome the exceptional
Phoenix team to our family at
Lakeside Book Company," said McCree.
"Less than one year ago, we began a new chapter for our historic
business, rebranding our company as Lakeside and building upon our legacy as the
go-to partner for publishers large and small. Our new name marked
the beginning of a new era for our company – one of growth,
continuous improvement, and a renewed commitment to providing
best-in-class printing and fulfillment services. Bringing
Phoenix into the Lakeside Book
Company is the next step toward fulfilling that vision," McCree
said.
The complementary service offerings and scale achieved through
this acquisition will benefit publishing customers through one-stop
book and cover printing. This improved printing supply chain
efficiency will be realized through streamlined order processing,
scheduling and speed of delivery.
About Lakeside
In 1864, R.R. Donnelley started as a partner at a small printing
company in Chicago. In the years that followed, he grew the
company into one of the largest and most trusted printing service
providers in the world. As the decades passed, the company
continuously expanded its services, and in 2016, LSC Communications
was spun out to offer specialized solutions to publishers, brands,
retailers, and merchandisers. In 2020, Atlas Holdings acquired LSC
Communications and in 2021, rebranded its Book division the
Lakeside Book Company. The company mission states: "We are
committed to crafting books and services that are meaningful. We
take pride in the challenge of fulfilling our customers' visions."
For more information, please visit www.lakesidebookcompany.com.
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SOURCE Lakeside Book Company
