Invocare announces purchase of JA Dunn Funeral Services

Company News

by Anna Napoli

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
 

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.