Tag: cemeteries

Afternoon Edition

The Newton’s Cradle of funeral service. . is the center disappearing?

Editor’s Note:  We had a slight technical glitch this morning that stopped this article from going out on schedule.  Nothing serious. . . a human error on my part of simply not making sure that the correct procedure was followed.  In any event, here is the article. . . . I hope you enjoy it. . .Have a great weekend. . . and Thanks again for reading Funeral Director Daily! I’ve been one that tries to paint a picture of […]

Finance

StoneMor completes merger with Axar Capital. . . becomes a private company

Last week death care property owner and operator StoneMor announced, in this press release, that they had completed their merger with Axar Capital Management whereby StoneMor will become a private and wholly owned subsidiary of Axar Capital Management.  Prior to this “take private” movement, which was announced in this May 25, 2022, press release, Axar Capital Management had owned approximately 75% of the outstanding StoneMor public stock. StoneMor’s stock was taken off the public exchanges as of November 4 and […]

Finance

Foundation Partners Group becomes Wisconsin’s largest death care provider

According to this press release from Foundation Partners Group, the acquisition of Krause Funeral Homes & Cremation Services of Milwaukee, Wisconsin, will allow Foundation Partners Group (FPG) to become the largest funeral service provider in Wisconsin. Mark Krause, president of Krause Funeral Homes & Cremation Service, Inc. has agreed to sell his firm to the company and join FPG as vice president of industry relations and government affairs.  Over the last 40 years, Krause has built an innovative portfolio of […]

Finance

StoneMor posts 2Q 2022 results. . . . what’s their plan?

As we have previously reported, StoneMor Inc. is in the middle of a proposed take-private merger movement led by the companies largest shareholder, Axar Capital.  (Here is our article entitled “StoneMor agrees to Axar Capital Managment buyout”).  That merger continues to move forward with the offering price of $3.50 per share now moving into a phase of proxy material being disseminated to shareholders. In the meantime the company continues to operate its mortuaries and funeral homes in public company fashion.  […]

Finance

Matthews Memorialization segment reports higher sales, lower margins

Mathews International, the global provider of memorialization products, industrial technologies, and brand solutions reported their Fiscal 3rd Quarter last week.  That quarter encompasses the April thru June 2022 time period. In reporting their Memorialization segment finances we note that they may be reporting what we believe could become a common theme in death care company’s reports for the quarter — that is one of thinning margins.  You can see the quarterly financial press release here. Here’s what Matthews CEO and […]

Business Cremation

Cremation rate at 57%. . . and it’s not coming down anytime soon

I recently read this article from author Harold Ivan Smith from Baptist News.  Smith offers a unique perspective as he attended mortuary school, is a grief educator, and works as a celebrant for Forest Lawn Mortuaries in Palm Springs, California. Smith indicates in his article that cremation was probably about 1% of United States dispositions when he attended mortuary school in 1966, was elevated to about 27% by 2000, and in 2021 reached a 57.5% number according to the Cremation […]

Afternoon Edition

CANA, NFDA offer valuable insights with conventions, programming

The Cremation Association of North America (CANA) is getting ready to host its 104th Annual Cremation Innovation Convention in Atlanta, Georgia, from August 17-19.  The event will have some of the most powerful speakers in the death care industry involved and on hand for operators to learn from. Brian Waters, funeral director, embalmer and host of Undertaking: The Podcast, kicks off CANA’s 104th Cremation Innovation Convention by questioning industry trends, ideas, best practices, and pretty much everything we do. According […]

Business

Grief: It softens but lingers. . . . do we ever get over it?

My summer exercise program consists of running 2 1/2 miles on Monday, Wednesday, and Friday, and bike riding 5-6 miles, depending on the route on Tuesdays, Thursdays, and Saturdays.  I’ve told the readers of this column before that my usual Saturday morning ride brings me from my house on the south side of of our little community to the north side where I cruise through our large city cemetery and turn for home. I’m at the cemetery at about 8 […]

Products

Design studio Claesson Koivisto Rune completes “unusual assignment’ of urn

Claesson Koivisto Rune design studio co-founder Marten Claesson made the following comment in this recent article from dezeen, “This is an unusual assignment for us.  The funeral homes of Sweden are dominated by a few chains and Systrarna Ocklind is a very rare independent funeral home.. . . .(they) are daring to offer an alternative, also by introducing an urn that is so different to what anyone has seen before – and this in a trade where you don’t break […]

Business Finance

Arbor Memorial named one of Canada’s “Best Managed Companies”

There is an insurance company that used to use the slogan “The Quiet Company”.  That company was, and still is, known as one of the most successful life insurance companies in America. . . . The “Quiet Company” claim came, at least to my way of thinking, from the idea that they used captive agents who did good old-fashioned client prospecting for the right type of clientele on an individual basis within a culture that was humble and quiet about […]