Media Release:
Tempo Group Acquires International Marketing Australia P/L Trading Contracts

Tempo Group of Companies is excited to announce that it has reached an agreement with Intermarkets Australia to acquire the inventory and product contracts of Intermarkets. Intermarkets Australia is well known for their portfolio of producing and importing of private label products including shelf stable canned and jarred food products, sauces and other pantry items.

Tempo Executive Director, Nicholas Stergiotis said: “The acquisition of the Intermarkets product and contracts forms an important strategic investment for the Tempo Group and builds upon our focus in expanding our existing FMCG business within the shelf stable food segment.”

Building on the success of the private label team and the recent acquisitions of Brunswick, Paramount, Nourish Foods and Organic Choice, Tempo’s ongoing strategy is to evolve into a strong multi-brand and multi-private label business focused on creating innovative healthier options for the entire family.

Intermarkets, was established in 1978 by Elie Obeid as a privately Australian-owned Family business. “For over 45 years Intermarkets (IMA) established itself as a preferred supplier to the major industry players. IMA has been recognised within the trading industry as a reliable provider of qualitative and competitive products and services, with a solid global infrastructure. We have the utmost respect and gratitude for our clients, having shared long-term and privileged relations. This is a reflection of the culture, work ethic and integrity of our company and dedicated team members,” Obeid said.

Elie said, “I am entering my 80th year, and will retire in the knowledge that Intermarkets will be in good hands moving forward under the Tempo banner. My son Paul, who joined Intermarkets over 20 years ago, was the instigator of the merger and has been instrumental in the negotiations to reach these positive acquisition outcomes. Paul will assist with the transition by joining the Tempo Group in the pursuit of driving their multi-private label business to greater heights.”

“I observed during our meetings that both companies have similar synergies and the relationships with our clients will continue and flourish. I wish Tempo great success and prosperity.”