Phil Williams, of Cudworth, is the current managing director of Victor Manufacturing, in Bradford, and has been with the company for more than 20 years.
The 57-year-old, who has lived in Barnsley all his life, took the decision to take over the company when the firm was put up for sale by the Mrs J M Mountain Will Trust.
Following the takeover, Phil said he has ‘ambitious plans’ to continue the company’s success over the next five years.
“It is a really exciting time for Victor as we enter new markets and continue to grow our existing ones,” said Phil.
“Having been part of the company for almost 20 years, I am looking forward to working with the team to continue the great work we have become renowned for over the last 75 years.
“The new ownership will provide peace of mind to our staff, customers and suppliers that it is business as usual.
“And with my new commitment as owner as well as managing director, they can be confident in a very strong future ahead.”