Australia’s largest private funeral operator, Invocare (ASX:IVC) has announced the acquisition of JA Dunn Funeral Services.
JA Dunn is an established brand which has been in the Tasmanian market for more than 100 years
The purchase will allow Invocare to enter the Launceston market, Dunns generates around $1 million in revenue per annum.
The company says the deal will build on its successful business in Hobart and provide them with strong market share.
Shares in Company Invocare (ASX:IVC) closed 1.88% lower at $13.59