Blue Star is further expanding its firepower making its fourth purchase for the year buying the well-known Sydney printer Oxygen, though more than 20 employees will be left jobless. Scott Telfer, Oxygen managing director, says as he is getting older the offer by Blue Star was a good opportunity that allows him and his wife to exit the $6.5m turnover business.
Telfer says, “We were thinking about a succession plan but this came up and it was an opportunity too good to refuse.” Matt Aitken, Blue Star chief executive, says Oxygen’s strong reputation for quality, innovation and service was the driving forces that led to Blue Star acquiring it. He says, “Oxygen is highly regarded within the industry, with a strong reputation for quality, innovation and service and we think its people are a great fit for our business. “We look forward to having Scott and key members of his team join Blue Star and are excited about the enhanced value proposition we can provide Oxygen’s clients.” Oxygen’s sheetfed and digital operations will move to Blue Star’s Silverwater facility next month with the kit sold off overseas by Heidelberg, except for a Konica Minolta bizhub C7000 Press which Blue Star will keep. Telfer says he sold Oxygen to Blue Star because it is a reputable company that can look after his clients and give them the quality they are accustomed to. Telfer will also work at Blue Star in a senor position under NSW general manager Hugh Chisholm, to help with client transition to Blue Star, leaving 22 of the 26 employees behind jobless.
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