Rodney and Ann Dalton officially acquired the business from Richard Wilson, who is retiring, on October 1 for an undisclosed sum.

Back in May, Mr Wilson had told TTJ that he feared he may have to close his £3m-turnover business if he didn’t find a successor to take over the firm, to allow him to retire.

A number of potential suitors then came forward, including one overseas company. But ultimately it was Mr and Mrs Dalton, owners of Penrith-based private company Dalton Joinery that struck a deal with Mr Wilson.

Mr Wilson said he was leaving RH Wilson at a time of strong trading for the company and he wished the new owners every success for the future.

"With the support of suppliers and customers, RH Wilson (Lakes) has gone from strength to strength," he said.

Mr Dalton said he already had future plans to integrate his Dalton Joinery machining business based near Penrith into RH Wilson in the future.

This would effectively extend RH Wilson’s machining capabilities – currently resawing and cross-cutting – into further processed products, with the intention of supplying small merchants with bespoke high quality profiles, such as skirtings and window cills and beads.

"We do not want to get into the volume business of chamfered skirting mouldings," said Mr Dalton, who has been in the joinery trade for 32 years.

RH Wilson’s main business is grading and supply of redwood products for specific end use in order to reduce waste for joinery manufacturer and merchant customers while giving them products which are fit-for-purpose. It also runs a packaging timber business.