LSC Communications Acquires The Clark Group
LSC Communications has acquired The Clark Group from the private equity fund The Gores Group.
Clark is a third-party logistics provider of distribution, consolidation, transportation management and freight forwarding services, with nine distribution centers in the US.
Thomas J. Quinlan III, Chairman and CEO of LSC, said, “The Clark Group brings a range of supply chain services to LSC that position us for growth, including the ability to better provide a full-service offering for magazine clients with newsstand distribution as well as reverse logistics solutions for our book publisher clients.”
After it acquired The Clark Group, Gores made a number of add-on acquisitions of logistics providers which were integrated into Clark.
Clark has introduced a range of customized reverse logistics solutions for the book industry in recent years, resulting in cost savings to publishers, distributors and retailers.
“The Clark management team has executed a valued transformation over the years, and has landed with the right company in LSC,” said Chris Crowell, Managing Director of The Gores Group.
LSC has been building its distribution capabilities for print and non-print materials. This acquisition is its second in the logistics space this year, following the acquisition of Fairrington Transportation announced on July 31, 2017.
LSC Communications (NYSE: LKSD) is a global provider of print and digital media solutions, serving publishers, merchandisers and retailers around the world. www.lsccom.com