InvoCare looks to buy up two more funeral homes

Company News

by Rachael Jones

Funeral company InvoCare (ASX:IVC) has entered into two conditional sales agreements to buy Grafton & District Funerals and Clarence Valley Funerals in New South Wales.

The proposed acquisitions are hoped to be complete by mid-August this year.

The business conducts around 300 funeral services and generates revenue of circa $2 million per annum.

The acquisition represents InvoCare’s continued expansion into regional markets.

Shares in InvoCare (ASX:IVC) closed 1.06 per cent lower to $14.03 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.