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Retrac Group creates employee-ownership structure and appoints new CEO

Retrac Group, one of the UK’s leading advanced manufacturing specialists in the Formula 1™, automotive and aerospace sectors, today announced a structural change to increase growth and enhance the security and prospects of its employees. Following five decades of being owned by the Carter family, the Swindon-based company’s ownership has been transferred to an Employee Ownership Trust (EOT) structure, which makes the 115-strong workforce the beneficiaries of the company’s future success. Experienced automotive and motorsport executive Dan Walmsley has been appointed as CEO to lead the Group’s two divisions, Retrac Productions Ltd and Retrac Composites Ltd. In tandem, long-standing co-owner and Retrac Productions managing director, Andy Carter, is to step into the role of Chairman of...
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First of its type in the UK

Retrac Group announces latest expansion – “First of its type in the UK” The engineering, composite tooling and component supplier Retrac Group has announced the potential to increase staffing levels following the investment and opening of its new £2million, 20,000 sq ft machining and production facility. Work and recruitment has been ongoing since late last year at Retrac’s Swindon based site as it seeks to expand its current 50,000 sq ft manufacturing capabilities. Installation of a 1,000 sq ft ISO 14644-1 Class 7 clean room and a CMS Cronus 5 axis milling machine has now been completed within the new facility as part of a drive to secure more long term programs of work from the UK’s burgeoning aerospace composites industry. The CMS Cronus is the first of its type in the UK and has a...
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