TORONTO, Oct. 25, 2021 /CNW/ - Park Lawn Corporation (TSX:
PLC) ("PLC") 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 business consisting of five funeral
homes and one cemetery located in central North Carolina.
"The Pugh businesses are pillars of their respective communities
and strategically complement our existing North Carolina portfolio. We are excited
to have the Pugh businesses join the PLC family to carry on their
reputational excellence for years to come," stated J. Bradley Green, 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
operates in three Canadian provinces and fifteen U.S. 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 PLC's
intentions to pursue its stated growth objectives. The
forward-looking statements in this news release are based on
certain assumptions, including that the Pugh acquisition performs
as expected, the Pugh acquisition strategically complements PLC's
existing North Carolina
businesses, the Pugh businesses are pillars of their respective
communities, the Pugh businesses have strong reputations in their
respective communities, PLC will be able to implement business
improvements and achieve cost savings, PLC will be able to retain
key personnel, there will be no unexpected expenses occurring as a
result of the acquisition, the multiple remains at or below levels
paid by PLC for previously announced acquisitions, the acquisition
and financing markets remain accessible, capital can be obtained at
reasonable costs and PLC's current business lines operate and
obtain synergies as expected, as well as those regarding present
and future business strategies, organic growth initiatives, the
environment in which PLC will operate in the future, expected
revenues, expansion plans and 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
and most recent Management's Discussion and Analysis 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