Post Press Solutions Pty Ltd, which traded as The Bindery – a BPO Intelligence company, is in external administration weeks after Southern Colour purchased the plant and equipment of Naresh Gulati’s major commercial printing operation, Rooster IMC.
The external administration notice for the company that specialised in finishing and binding and employed around 40 staff was posted on the Australian Securities Investment Commission website last Friday with some employees contacting Sprinter to say they had not yet received their entitlements.
It is the second major liquidation to hit the Melbourne print scene in the last month with the administrators called into Waratah Group last week after a rocky 12 months for that business.
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.
The Bindery employed offered full-service post press finishing functions and had a ISO 9001 Quality Management System and well as occupational health and safety standard accreditation.
As part of Southern Colour’s takeover of Rooster IMC some Rooster staff are moving 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.
As part of a major shake up 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.
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