Stewart Enterprises, Inc. : STEWART ENTERPRISES ANNOUNCES ACQUISITION OF GONZALEZ FUNERAL HOME AND CREMATORY IN DALLAS
03/16/2012| 02:01pm US/Eastern
CONTACT: Martin R. de Laureal FOR IMMEDIATE
Stewart Enterprises, Inc.
1333 S. Clearview Parkway
Jefferson, LA 70121
STEWART ENTERPRISES, INC. ANNOUNCES ACQUISITION OF GONZALEZ
FUNERAL HOME AND CREMATORY IN DALLAS
JEFFERSON, La. - March 16, 2012 -- Stewart Enterprises, Inc.
(Nasdaq GS: STEI) reported today that it has purchased
Gonzalez Funeral Home and Crematory in Dallas.
"As a part of our growth strategy, we continue to seek to
acquire quality firms that complement our existing
infrastructure in major markets. We are pleased to announce
the decision by the Gonzalez family and proud to have this
quality operation join our Stewart family of businesses
serving the Dallas-Ft. Worth market," said President and
Chief Executive Officer Tom Kitchen. "The Gonzalez family has
long enjoyed a strong reputation and held to the same very
high standards we strive to achieve every day. It will
complement our nearby locations and significantly enhance our
capabilities to better serve the growing Hispanic community
throughout this market and beyond," Kitchen added.
Based in Dallas, Regional Vice President Brian Shake looks
forward to working with the Gonzalez family and their
dedicated staff at Gonzalez Funeral Home and Crematory. "This
operation has been serving the community for more than 35
years," Shake said. "That is a strong foundation that gives
us the opportunity to serve even more families."
Founded in 1910, Stewart Enterprises, Inc. is the second
largest provider of products and services in the death care
industry in the United States, currently owning and operating
218 funeral homes and 141 cemeteries. Through its
subsidiaries, the Company provides a complete range of
funeral and cremation merchandise and services, along with
cemetery property, merchandise and services, both at the time
of need and on a preneed basis.
This press release was issued by Stewart Enterprises Inc. and was initially posted at http://www.stewartenterprises.com. It was distributed, unedited and unaltered, by noodls on 2012-03-16 19:53:20 PM. The issuer is solely responsible for the accuracy of the information contained therein.
Let nobody be fooled; death is most certainly a business. There are Federal Trade Commission regulations concerning funeral homes. However, an undercover Federal Trade Commission investigation last year found a distressing number of funeral homes run despite laws and I read it from here High number of violations revealed in FTC probe of funeral homes.