The owners of Sydney commercial printer Rainbow Printing say goodbye, with an aching heart, after it was acquired by Mark Shergill who took the opportunity to buy the ailing business. Speaking with Australian Printer, Desiree Meoushy, director of Rainbow Printing, says she is ‘sad’ to see the family business go, but she finds solace that ‘someone else will benefit from all the hard work’ she and her husband poured into building the business. “We worked very hard, 100 hours a week, weekends, but something always went wrong. It has been a rocky road, up and down struggle from the beginning. “So I knew that I had to let go because it was hurting us and we needed to let go before it started hurting others.”
She says letting go ‘broke her heart’ but they had a choice to ‘sink’ with the business or be proud of what the duo had achieved and ‘choose someone’ else who could take the business to the next level. “I approached businesses, indirectly, putting the word out there that we wanted to sell,” she says. Mark Shergill, Focus Print Group managing director heard the news from his sales department after Meously had mentioned her intentions to them. “I told his sales team hoping that something would come up. And it did,” Meoushy says. Meoushy will move with the acquisition, as will her husband and three of the Rainbow Printing staff, leaving behind five employees. Shergill, who acquired the Wetherill Park business to expand his client base, managed to purchase some of the equipment, which was the main reason Rainbow Printing was sold, as Meoushy says they ‘could not afford to update the equipment’. Shergill says he will look at further acquisitions to grow his business as the opportunity arises, but he says the focus for 2015 is to consolidate the group and gain new clients. Rainbow Printing is not to be confused with Rydalmere NSW businesses Rainbow Colour Printing and Rainbow Industries, which are still operational and independently owned.
Comment below to have your say on this story.
If you have a news story or tip-off, get in touch at [email protected]
Sign up to the Sprinter newsletter