Australian group Tempo has acquired Spring Gully Foods’ brands and IP after the local condiments maker fell into administration for a second time.
Spring Gully, run by fourth-generation family members Russell Webb, Kevin Webb and Tegan Hack, was placed into administration a month ago.
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It followed a similar episode in 2013, when the company was also placed under external control before later exiting the process.
Spring Gully, which has operated for nearly 80 years, is known for products such as sauces, relishes, pickled onions and gherkins.
Its lines are sold under the Spring Gully, Gardener, Leabrook Farms and Ozemite labels.
The financial details of the transaction with Tempo have not been made public.
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By GlobalDataIn a statement announcing the deal, Tempo said it is “safeguarding one of Australia’s most beloved and historic food brands”.
Just Food has approached Tempo for further details on the deal and the company’s plans for its new assets. Spring Gully had 34 staff when it went into administration.
In the statement, Tempo said there would be a “renewed focus on innovation and long-term growth”.
A report put together by the administrators, seen by Just Food, said the competition Spring Gully faced meant it could not generated the margins needed to cover overheads. Spring Gully had also lost “key customer contracts”, which contributed to a 25% fall in revenue in the company’s 2025 financial year, the report said.
In the year to the end of June, Spring Gully’s “trading income” was A$15.1m (US$9.8m), versus A$19.1m 12 months before. The company made a pre-tax loss of A$1.3m, against a profit of A$1.95m in the year to 30 June 2024.
In Tempo’s statement, executive director Nicholas Stergiotis said: “Spring Gully Foods holds a special place in the hearts of Australian consumers. We’re proud to ensure this iconic brand continues its journey under the Tempo Group, backed by our strong FMCG network and commitment to quality.
“This acquisition also strengthens our presence in the shelf-stable and pantry goods sector, aligning with our broader strategy to grow our multi-brand and private-label business.”
In the first instance of administration, the business ultimately emerged after a surge in consumer purchases and securing a new supply agreement.
Tempo operates across fast-moving consumer goods, consumer electronics and appliances.
