South Island event catering and venue management company Continental is to have a change of ownership after 52 years in the industry.
Current managing director Greg Ward retains his 50% share of the Rangiora-based company, however, his parents Joan and David Ward have sold their share of the business to Continental’s operations manager David Cartwright.
Greg Ward says the only change for staff, customers and suppliers will be a different legal name for the business - DF & JA Ward to Continental Catering Group Ltd – but trading will continue under the name Continental.
‘Obviously, this is a bittersweet time for us, signalling the end of a long family-business era on the one hand while being the exciting beginning of a new chapter for Continental,’ says Ward.
‘David’s brought new energy and focus to the Continental story since joining us some 20 months ago. Now he’s an equal shareholder, the path ahead looks even more exciting.’