close

Grunwerg to keep business in the family as MD retires

I.Grunwerg

One of the tableware industry’s most respected stalwarts has announced he will retire from the business after 50 years and hand it over to his children.

David Grunwerg, managing director of I.Grunwerg, which for years produced cutlery and hospitality wares from its factory in Sheffield, said it was time to step aside after leading the company through the pandemic.

Writing in its latest accounts, Mr Grunwerg said: “Having helped to oversee the group’s successful relocation from Sheffield city centre to Silversteel Manor [in Chesterfield] and the repayment of debts resulting from the retirement of Charles Grunwerg and the impact of Covid-19, I now wish to state my intention to retire at the end of the forthcoming year from my position as director and majority owner of I Grunwerg Limited.”

Story continues below
Advertisement

The accounts were signed off at the end of July but only made public via Companies House last week.

Mr Grunwwerg said it had been a “great privilege and honour” to serve the business over the last five decades and “play a part in its success and development, while retaining many of our core family values”.

He said he was “particularly proud and happy” to be passing on the ownership of the business to his sons Ben and Adam, and daughter Anna.

Ben will lead the management team having worked in the business for the last 10 years, assisted by sales manager Tom Basford and financial controller Alex Beattie.

Despite the challenges of the pandemic, Grunwerg made a £2.3m profit on sales of £10.5m for the year to 30 April 2021, up from a profit of £1.6m on sales of £7.1m the year before.

Grunwerg was established in 1945 by Otto Grunwerg – David’s father – who arrived in England as a refugee from war-torn Vienna.

During the years that followed, he grew the business to become a successful manufacturer of knives and cutlery.

With a strong team of local designers and craftsmen, Grunwerg products were manufactured in the UK until the 1970s.

The business and design team still remain in the UK, with manufacture undertaken by trusted overseas partners.

It has an extensive collection of over 3,000 products which are supplied to many of the UK’s leading stores, catering distributors and online channels.

The company also operates a Santoku knives showroom in London.

Historic Sheffield catering equipment supplier to relocate its operations

Tags : cutleryGrunwergTableware
Andrew Seymour

The author Andrew Seymour

1 Comment

  1. Enjoy your retirement David ….. you have certainly earned it, especially over the last few years turmoil.. it’s good to see the ‘kids’ at the helm and I am sure they will do you proud.. Best regards.

Leave a Response