Australia’s Tempo strikes deal to buy Spring Gully assets out of administration

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. 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, r ...