GLASGOW – The Barren County Economic Authority is working on several different leads for a new tenant for the LSC Communications Inc. facility on Donnelley Drive.
LSC Communications Inc. will be closing the plant sometime next month.
“We are marketing that property on the BCEA website, on our sites and buildings portal. It is also being marketed on a TVA site and the ThinkKentucky site,” said Maureen Carpenter, executive director of BCEA. “LSC has actually hired a firm, CBRE, to be their brokerage, so they also do a lot of different marketing of the property themselves. We’ve sent the information out to site consultants. We’ve submitted it on a couple of different projects.”
She continued that BCEA is working with several different leads on the property but that nothing is concrete or at a point to where she can discuss them.
The description for the property on BCEA’s website is that the building consists of 775,280 square feet and sits on more than 200 acres. It is also served by rail and is within 10 minutes from Interstate 65.
The property has been known through the years by the Barren County community as R.R. Donnelley until 2016. LSC spun off from R.R. Donnelley in 2016, according to a 2018 Glasgow Daily Times’ article.
LSC Communications Inc., along with its U.S. subsidiaries, voluntarily filed for business reorganization Chapter 11 bankruptcy on April 13 in U.S. Bankruptcy Court for the Southern District of New York.
A press release dated April 13 and published on the company’s website said the company’s decision to file for bankruptcy follows a comprehensive evaluation of opportunities to reduce its debt and better position the company to compete and deliver exceptional products and services to its clients.
Thomas J. Quinlan III, chairman, president and chief executive officer for the company, said in the press release that since the company’s termination of its merger with Quad Graphics in 2019, and given the fundamental changes in the industry, company officials have taken “proactive and aggressive steps to improve our overall cost structure and streamline our manufacturing platform while continuing to pursue new business opportunities.”
He also said in the press release that the company would be closing eight facilities, but the location of those facilities was not mentioned.