Rooster IMC, under the trading name of Nine IMC, has gone into administration just weeks after its founder Naresh Gulati sold off the major commercial printing operation to Southern Colour.
The move also closely follows Gulati’s move to put into external administration Post Press Solutions, which traded as The Bindery – a BPO Intelligence company,
A statement was released on the Australian Securities and Investments Commission (ASIC), highlighting Rooster IMC’s administration.
Rooster IMC was the first B1 printer in Melbourne to achieve ISO colour certification, first founded by Gulati as part of the OCA group, a re-branded combination of former Print Bound, BPO Link and OCA’s Rooster design agency, from where the name was chosen.
Prior to its purchase, it was offering digital, offset, POS, packaging, mailing, and design services.
As part of Southern Colour’s takeover of Rooster IMC, some Rooster staff moved over with the purchase and parent company Southern Impact Group is set to take over the Mount Waverley site, formerly owned by Geon prior to Rooster IMC.
On the other hand, as part of a major shakeup for the group, subsidiaries Southern Colour, Impact Digital and Intelligent Media will be branded and operational as Southern Impact by the end of the 2020/21 financial year.
Southern Colour managing director Rod Dawson previously said that the acquisition provides the company with the space it needs to continue to grow in its traditional and emerging markets as well as entering new sectors of our industry.
“As in the past with our Group, continued investment in technology and gaining operational efficiencies will deliver a powerful manufacturing site for years to come. We believe that this is a great outcome for staff, customers and our suppliers,” he said previously.
Rooster IMC also owned what it called the world’s first full LED grand format printer from EFI, along with Australia’s first carbon-neutral offset printer, the Heidelberg XL106, and two Bourg Booklet Makers with Bourg Sheet Feeders.
As for The Bindery, it offered full-service post press finishing functions and had a ISO 9001 Quality Management System and well as occupational health and safety standard accreditation.
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