Significantly increases footprint and presence
in Missouri
TORONTO, June 4, 2019 /CNW/ - Park Lawn Corporation (TSX:
PLC) ("PLC" or the "Company") is pleased to announce that it has
completed the previously announced acquisition of all the
outstanding stock and membership interests of The Baue Funeral Home
Co. ("Baue").
"The acquisition of Baue is a unique and extremely exciting
opportunity for Park Lawn.
Baue is a preeminent funeral home and cemetery business in the
U.S., serving its community for generations. I am delighted that
Lisa Baue and her team are joining
PLC and will remain involved in the business," said Andrew Clark, Chairman & Chief Executive
Officer of PLC.
About Park Lawn Corporation
PLC provides goods and services associated with the disposition
and memorialization of human remains. Products and services are
sold on a pre-planned basis (pre-need) or at the time of a death
(at-need). PLC and its subsidiaries own and operate businesses
including cemeteries, crematoria, funeral homes, chapels, planning
offices and a transfer service. PLC has a North American wide
platform with operations in five Canadian provinces and thirteen US
states.
Cautionary Statement Regarding Forward-Looking
Information
This news release may contain forward-looking statements (within
the meaning of applicable securities laws) relating to the business
of PLC and the environment in which it operates. Forward-looking
statements are identified by words such as "believe", "anticipate",
"project", "expect", "intend", "plan", "will", "may", "estimate",
"pro-forma" and other similar expressions. These statements are
based on PLC's expectations, estimates, forecasts and projections
and include, without limitation, statements regarding the continued
involvement of Ms. Baue and her team in the Baue business. The
forward-looking statements in this news release are based on
certain assumptions, including those regarding present and future
business strategies, the environment in which the PLC will operate
in the future, expected revenues, expansion plans and the PLC's
ability to achieve its goals. Forward-looking statements are not
guarantees of future performance and involve risks and
uncertainties that are difficult to control or predict. A number of
factors could cause actual results to differ materially from the
results discussed in the forward-looking statements, including, but
not limited to, the factors discussed under the heading "Risk
Factors" in PLC's Annual Information Form available at
www.sedar.com. There can be no assurance that forward-looking
statements will prove to be accurate as actual outcomes and results
may differ materially from those expressed in these forward-looking
statements. Readers, therefore, should not place undue reliance on
any such forward-looking statements. Further, these forward-looking
statements are made as of the date of this news release and, except
as expressly required by applicable law, PLC assumes no obligation
to publicly update or revise any forward-looking statement, whether
as a result of new information, future events or otherwise.
SOURCE Park Lawn Corporation