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By 1995, Farberware was among the largest producers of stainless steel cookware in the United States, reporting an "anemic annual earnings of $1 million on sales of $125 million for the fiscal year". Syratech was a $169-million company at the time and paid higher wages than those offered in China or Malaysia.
It was the "Gold Standard" of American cookware, at its peak offering 39 items simultaneously (counting lids as separate pieces) across 12 distinct utensil types. While specialty items and minor revisions were occasionally made to the line, the 1400 series existed with a relative consistency before the sale to Corning Glass Inc. in 1985.
The company focused primarily on the manufacture of stoves and stove parts throughout its history, though it also produced several lines of mid-priced cast-iron pans from the 1910s through the 1930s. The death of owner Stanhope Boal in 1933 and the devastation of the Great Depression led to the company's liquidation in 1935.
Sam Farber was born on November 16, 1924, in New York City, though he was raised in nearby Yonkers, New York, [2] the son of Rose (née Winograd) and Louis Farber. [3] His father founded the Sheffield Silver Company and Farber Brothers, which sold serving ware; and served as the president of the Jewish Community Center of Yonkers. [3]