Carl Buddery Appointed CEO of Tufcot Engineering Ltd

Carl Buddery has been appointed CEO of Tufcot Engineering Ltd, effective July 1, 2026, according to an official announcement from Dacke Industri. Buddery, a veteran with more than 25 years of engineering and manufacturing experience, succeeds Greg Majchrzak, who transitions into the role of Business Support Manager at the Sheffield-based composite materials specialist.

Carl Buddery Takes Leadership of Tufcot Engineering

The appointment of Carl Buddery as CEO marks a strategic leadership transition for Tufcot Engineering Ltd. Buddery brings more than 25 years of engineering and manufacturing experience, specifically focusing on high-performance bearing applications and composite materials. According to Dacke Industri, Buddery previously played a key role at Tufcot Engineering in strengthening technical capabilities, supporting commercial growth and building long-term customer relationships.

Buddery stated he is “incredibly proud” to lead the company into its next growth phase, citing the need to build upon the firm’s existing foundations while collaborating with the broader Dacke Industri group.

Tufcot’s Role in Dacke Industri’s Power and Motion Portfolio

Tufcot Engineering operates as a key asset within the Power and Motion division of Dacke Industri. The company specializes in the production of engineering components—including bushings, wear rings, and bearings—that serve critical functions in the marine, automotive, railway, and hydraulics sectors.

Mikael Lundgren, President Power and Motion at Dacke Industri and Chairman of the Board of Tufcot Engineering Ltd, stated that Buddery’s “combination of engineering expertise and commercial mindset” makes him well suited to lead the business forward. This move aligns with Dacke Industri’s stated strategy of investing in niche technology firms that possess strong technical capabilities and long-term development potential.

Dacke Industri’s Decentralized Growth Strategy

The leadership change at Tufcot is part of a wider expansion by Dacke Industri across Europe. The group, which is owned by Nordstjernan, employs a decentralized ownership model. Under this structure, subsidiaries like Tufcot maintain a high degree of operational autonomy while receiving strategic support from the parent group.

Current scale of Dacke Industri operations includes:

• Total Subsidiaries: 34 companies across four divisions.
• Global Workforce: Approximately 2,000 employees.
• Financial Reach: Net sales totaling SEK 5 billion.

Executive Transition Summary

This transition completes another post-acquisition milestone for Dacke Industri as it integrates UK-based composite materials capabilities into its European niche-engineering portfolio.