# Family buyout at Romo fabrics group concentrates ownership

The family of a great-grandson of the founder of fabrics group Romo has bought out another great-grandson and his family in a transaction that concentrates ownership of the approximately £100 million business.

- Type: Acquisition
- Announced: 2023-04-17
- Where: United Kingdom
- Status: completed
- Products: fabrics
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Romo](https://endata.com/companies/69780.md) (target)

## Sources

- [thefurnishingreport.com](https://www.thefurnishingreport.com/index.php/news/47-upholstery/12372-family-buyout-at-c-100m-fabrics-group-romo), 2023-04-17: "The family of one of the great-grandsons of the founder of fabrics group Romo has bought out another great-grandson and his family in a transaction that concentrates ownership of the circa £100 million business."

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