LSC Communications Acquires CREEL Printing
July 17 2017 - 5:30AM
Business Wire
Expands Digital Production and Services Offering
LSC Communications (NYSE: LKSD) announced today that it has
entered into a definitive agreement to acquire CREEL Printing, a
leading privately-owned offset and digital printing company based
in Las Vegas, Nevada. CREEL's capabilities include full-color web
and sheetfed printing, regionally distributed variable digital
production, large-format printing, and integrated digital
solutions.
Allan G. Creel, CEO of CREEL, said, “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.”
CREEL’s legacy dates back to the 1950’s when Allan’s
grandparents, Eugene and Sarah Creel, opened a print shop to serve
the Las Vegas area. In the 1970’s, Allan G. Creel’s father, Allan
H. Creel, assumed responsibility and ownership for the family
business. Since that time, Allan G. has carried on his father’s
vision and CREEL has steadily grown through strong client
relationships and strategic investments in new technologies.
Thomas J. Quinlan III, Chairman and CEO of LSC Communications
commented, “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. With one of
the most advanced digital platforms in the US, plus a strong west
coast presence, CREEL is an excellent fit for LSC.”
CREEL has approximately 700 employees in six facilities across
the country, and is ranked among the top 50 commercial printers, 10
largest publication printers and largest commercial digital
printers in the world.
About LSC
With a rich history of industry experience, innovative solutions
and service reliability, LSC Communications (NYSE: LKSD) is a
global leader in print and digital media solutions. The company’s
traditional and digital print-related services and office products
serve the needs of publishers, merchandisers and retailers around
the world. With advanced technology and a consultative approach,
LSC’s supply chain solutions meet the needs of each business by
getting their content into the right hands as efficiently as
possible.
Use of Forward-Looking Statements
This news release may contain "forward-looking statements"
within the meaning of Section 21E of the Securities Exchange Act of
1934, as amended, and the U.S. Private Securities
Litigation Reform Act of 1995. Readers are cautioned not to place
undue reliance on these forward-looking statements and any such
forward-looking statements are qualified in their entirety by
reference to the following cautionary statements. All
forward-looking statements speak only as of the date of this news
release and are based on current expectations and involve a number
of assumptions, risks and uncertainties that could cause the actual
results to differ materially from such forward-looking statements,
including risks associated with the ability of LSC Communications
to perform as expected as a separate, independent entity and risks
associated with the volatility and disruption of the capital and
credit markets, and adverse changes in the global economy. Readers
are strongly encouraged to read the full cautionary statements
contained in LSC’s filings with the SEC. LSC disclaims any
obligation to update or revise any forward-looking statements.
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version on businesswire.com: http://www.businesswire.com/news/home/20170717005404/en/
LSC CommunicationsInvestor Relations Contact:JANET HALPINSenior
Vice President, Treasurer & Investor
Relationsinvestor.relations@lsccom.com773-272-9275
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