# Sekers Fabrics and Wemyss Weavecraft undergo management buyout

Sekers Fabrics Ltd and Wemyss Weavecraft Ltd, two furnishing fabric wholesalers, have undergone a management buyout by their managing directors Ian Tatnell and Ian Worf, forming the new company Worell Ltd. Funding was provided by The Royal Bank of Scotland and previous owners.

- Type: Acquisition
- Announced: 2018-02-08
- Where: Dundee, United Kingdom
- Jobs: 48
- Status: completed
- Products: furnishing fabrics, wallcoverings, wallpapers
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Sekers Fabrics](https://endata.com/companies/29965.md) (target)
- [Wemyss Weavecraft](https://endata.com/companies/29966.md) (target)
- [Worell Ltd](https://endata.com/companies/29967.md) (acquirer)
- [Gourdie Ltd](https://endata.com/companies/29968.md) (partner)

## Sources

- [wemyssfabrics.com](https://wemyssfabrics.com/2018/02/08/dundee-based-furnishing-fabric-group-management-buyout/), 2018-02-08: "Sekers Fabrics Ltd and Wemyss Weavecraft Ltd, two leading furnishing fabric wholesalers have undergone a management buyout by the current Managing Directors."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.