InvoCare to buy Australian Heritage Funerals in Toowoomba

Company News

by Rachael Jones

InvoCare (ASX:IVC) is buying up again - they have entered into a conditional purchase agreement to acquire Australian Heritage Funerals located in Toowoomba in Queensland.

This looks likely to be complete by the end of the month.

It currently operates under the Hiram Philp Funerals brand and also the Toowoomba Garden of Remembrance memorial park and generates annual revenue of approximately $2 million.

The acquisition includes a long term lease over the existing funeral home, mortuary and chapel.

Shares in InvoCare (ASX:IVC) trading 0.18 per cent higher at $16.38.
 

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.