Page 86 - Print21 Nov-Dec 2019

People in Print
the OVERflow
Southern buys Rooster assets and moves all its business into one site
End of print project: Naresh Gulati
For entrepreneur Naresh Gulati, the deal with Southern, and the closure of
The Bindery marks the end of his print project.
He created Rooster IMC
over a couple of years 2014- End of the 2015 when he bought and journey: stitched together several Naresh Gulati print related businesses,
notably BPO, OCA, Print Bound, and finishing house The Bindery.
He invested heavily in new offset, digital, and wide format presses, and invited the industry to use Rooster as a one-stop trade house, but five years later it was all over.
Staff turning up for the afternoon
shift at The Bindery on the last Friday in October were met by Gulati who told them the business was closed. The company
had about 40 employees working over two shifts, who are now unemployed.
The deal means Marvel Binding will have the only trade perfect binding system in Melbourne. 21
In a major Melbourne print industry consolidation, Southern Colour is buying Naresh Gulati’s Rooster IMC – although the deal is essentially an asset
sale, which sees Southern take over the Rooster lease in Mount Waverley, and take Rooster plant and equipment.
Southern will move all four of its current production sites into the 7000sqm Rooster
building in Mount Waverley. It will keep Rooster’s Heidelberg UV XL 106, some of the digital kit, and some of the finishing kit.
Rod Dawson, managing director of Southern Colour said, “I am excited to announce that Southern Colour has taken over the operations of Rooster IMC.”
Dawson said, “Most of our businesses are currently needing additional space to
accommodate growth. This opportunity
will provide us with
the space we need to continue to grow in
our traditional and emerging markets, as well as entering new sectors of our industry.”
Southern Colour, Impact Digital and Intelligent Media
will be rebranded and operational as Southern Impact, while Onpack will also move in, but retain its branding. 21
Excited by the opportunties: Rod Dawson, managing director, Southern Colour
86 Print21 NOVEMBER/DECEMBER 2019