Tufcot specialises in the development and manufacturing of composite materials and engineering components such as bearings, bushings, wear rings and other machine parts. These parts are used across various industries globally such as the marine, automotive, railway, hydraulics and other sectors. The company is based in Sheffield, South Yorkshire, United Kingdom, and employs approximately 55 people and has an annual turnover of about £5.25 million ($US7.04 million).

“I’d like to thank the entire team at Dacke Industri for what has been a seamless sale and transition from my ownership to theirs. I am very happy that we managed to secure a deal with a company that wants to build on Tufcot’s successes over the last 44 years. I am confident that Tufcot has a strong and stable management team with a committed workforce, which will continue to succeed,” says Elvin Majchrzak, Founder and former owner of Tufcot Engineering Ltd.

“From our first meeting with Dacke Industri, we knew they were the right fit for Tufcot and what was required to continue our history of growth, investment and development. Dacke Industri’s strategic approach to acquisitions and its faith in continuing to build a strong company/brand were key factors in the collaboration. We can’t wait to start working with Dacke Industri and see where we can develop next,” says Greg Majchrzak, Managing Director of Tufcot Engineering Ltd.