Marketwire
TORONTO, ONTARIO--(Marketwired - Oct. 1, 2013) - Park Lawn Corporation ("Park Lawn") (TSX VENTURE:PLC) - Park Lawn Corporation is pleased to announce that it has reached an agreement to acquire a 50% stake in Ottawa-based Tubman Funeral Homes. Tubman Funeral Homes is an Ottawa based family business that has been providing compassionate professional services for over 90 years. Their eight properties in Ottawa, Nepean, Carp, Kars, Carleton Place, Almonte, Gatineau and Buckingham provide the flexible and supportive services that the current culture expects and appreciates.
"This partnership demonstrates how experts from across the bereavement sectors can come together to better serve their communities," says Julie Tubman, President of Tubman Funeral Homes. "We are thrilled to continue to grow our business with Park Lawn. Tubman Funeral Homes has cemetery and cremation property to be developed and Park Lawn will bring their expertise so we can better care for our community", adds Tubman.
"Our companies have known each other for over 4 years," adds Andrew Clark, CEO of Park Lawn Corporation. "Park Lawn has a long history of partnering with independent funeral home operators in the GTA and Quebec. We share similar goals and a high level of customer service. There is a strong emphasis on team culture and close connections with the community."
The agreement, which is subject to certain regulatory and other conditions, is expected to close on or before October 31st 2013.
About Tubman Funeral Homes
Tubman Funeral Homes is an Ottawa based family business that has been providing professional and compassionate services for over 90 years.
About Park Lawn
About Park Lawn
Park Lawn Corporation indirectly holds six cemeteries in the Greater Toronto Area and Services Memorables Harmonia Inc. based in Quebec (www.parklawnlp.ca). Its common shares are listed on the TSX Venture Exchange.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.