Employee Ownership Trust takes the wheel at F1 supplier
· Precision engineering services firm Retrac Productions is acquired by employees in an eight-figure deal. · New Employee Ownership Trust (EOT) secures multi-million-pound loan from Shawbrook Bank to support acquisition. · The move follows a growth in appetite for such schemes, with more than a quarter of the UK’s EOTs set up in 2019 alone*.PRESS RELEASE: 21st April 2021 A leading UK precision engineering firm has transferred ownership to an Employee Ownership Trust in an eight-figure deal as the business targets future growth, with support from Shawbrook Bank. Retrac Group’s