Invocare buys Archer & Sons Funeral Homes

Company News

by Rachael Jones

Funeral company InvoCare (ASX:IVC) has entered into a conditional sales agreement to acquire the business and assets of Archer & Sons Funeral Homes in Western Australia.

This should complete on 20th July 2018.

Archers operate from two sites in the south west region of Western Australia which includes two fully operational funeral homes complete with mortuary facilities.

InvoCare is the largest provider of funeral services in Australia, New Zealand and in Singapore. It is also the largest operator of private cemeteries and crematoria in Australia.

Shares in InvoCare (ASX:IVC) closed 1.84 per cent lower to $13.90 yesterday. 
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.