Park Lawn Corporation Completes Acquisition of Pugh Funeral Homes and New Hope Memorial Gardens
TORONTO, 25 October 2021 / CNW / – Park Lawn Corporation (TSX: PLC) (“API“) is pleased to announce that it has completed the previously announced acquisition of substantially all of the assets of Pugh Funeral Homes and New Hope Memorial Gardens (collectively”Pugh“), a company of five funeral homes and a cemetery located in central North Carolina.
“Pugh’s businesses are pillars of their respective communities and strategically complement our existing businesses. North Carolina wallet. We are delighted that Pugh Companies are joining the PLC family to continue their reputation excellence for years to come, ”said J. Bradley Green, Chairman and CEO of PLC.
About Park Lawn Corporation:
PLC provides goods and services associated with the disposal and commemoration of human remains. Products and services are sold on a pre-planned (pre-needed) or at the time of death (as needed) basis. PLC and its subsidiaries own and operate businesses, including cemeteries, crematoria, funeral homes, chapels, planning offices, and transfer service. PLC operates in three Canadian provinces and fifteen US states.
Caution regarding forward-looking information
This press 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”, “plan”, “expect”, “intend”, “plan”, “may”, “may”, ” estimate “,” pro-forma “” and other similar expressions. These statements are based on PLC’s expectations, estimates, forecasts and projections and include, but are not limited to, statements regarding PLC’s intentions to pursue its stated growth objectives. Forward-looking statements in this press release are based on certain assumptions, including that the acquisition of Pugh works as intended, that the acquisition of Pugh strategically complements the existing shares of PLC North Carolina companies, Pugh companies are pillars of their respective communities, Pugh companies have a strong reputation in their respective communities, PLC will be able to implement business improvements and save money, PLC will be able to retain staff key, there will be no unforeseen expenses resulting from the acquisition, the multiple remains equal to or lower than the levels paid by PLC for the previously announced acquisitions, the acquisition and financing markets remain accessible, the capital can be achieved at reasonable costs and PLC’s current lines of business are operating and achieving synergies as expected, as well as those relating to present and future business strategies, organic growth initiatives, the environment in which PLC will operate at the future, expected revenues, expansion plans, and PLC’s ability to meet 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 forward-looking statements, including, but not limited to, the factors discussed under “Risk Factors” in PLC’s Annual Information Form. and the most recent Management Report and Analysis available at www.sedar.com. There can be no assurance that forward-looking statements will prove to be accurate, as actual results may differ materially from those expressed in such forward-looking statements. Therefore, readers should not place undue reliance on these forward-looking statements. Further, these forward-looking statements are made as of the date of this press release and, except as expressly required by applicable law, PLC assumes no obligation to publicly update or revise any forward-looking statement, whether as of following new information, future events or others.
SOURCE Park Lawn Corporation
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