Invocare (ASX:IVC) has today announced the purchase of Harrison Funerals.
The funeral company has entered into a conditional sales agreement to acquire the business and assets Of Harrison, which is based in Ballarat, Victoria.
Harrison Funerals generates revenue of around $1 million per annum and has been serving families in the region since 2005.
Invocare says Harrison provides Invocare with a strategic opportunity to continue the growth of its regional strategy in the Central Highlands of Victoria.
Shares in Invocare (ASX:IVC) closed 2.35 per cent lower to $12.07 yesterday.