Tag: crematories

Finance

InvoCare makes investment, partners with Parting Stone

It was recently announced by Parting Stone, the company that pioneered solidified remains, and InvoCare, Australia’s leading death care provider, that InvoCare has invested $1 million in Parting Stone.  In addition, the two companies will partner to launch Parting Stone Australia, which will be Parting Stone’s first international laboratory. Justin Crowe, founder and Chief Executive at Parting Stone said this about the development, ““We cannot think of a better partner at this stage in our growth.  Working with InvoCare’s team […]

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 […]

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 […]

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 […]

Finance

Death care stocks down 18% Year to Date

I read this interesting article on Saturday morning from Yahoo Finance’s Morning Brief entitled “What to expect from a recession everyone sees coming“.  The author of the article makes this statement, “. . . recessions can be mild and short if the causes are anticipated and less systemic, and more severe and longer if they are unexpected and less intertwined with the core economy“. The article and the recent turbulence in the stock market gave me reason to look at […]

Business Cremation

Canadian Direct Cremation provider to expand

We learned in this article from Saltwire that Toronto, Ontario, based direct cremation provider Eirene is set to expand their services to the province of Nova Scotia. In business for two years in Ontario the provider offers a cremation package that includes death certificates, transportation, and estate administration support in addition to the removal of the deceased and delivery of the cremated remains in person to a home.  Eirene seems to have been moving their concept forward these past two […]

Business

Are we “Turning the Corner?”

In the last few weeks I have heard and seen a lot about about staffing issues in the death care world.  For instance, I recently had a discussion with Ryan Thogmartin of Connecting Directors and he told me that their surveys from owners and managers indicate that staffing, employee issues, and just simply getting enough people to do the jobs that need to be done in funeral homes is the number one concern of these management people at this time. […]

Business Products

The new casket merchants seek to raise funds

The Cremation Association of North America (CANA) says the 2020 cremation rate in the United States was 56.1%.  That same reliable group says that within the next decade – in 2030 – the national cremation rate will rise to 72.8%.  Considering the fact that the vast majority of cremations in the United States do not use a traditional casket. . . . you might say that the casket business looks pretty bleak in the future. In addition, Hillenbrand Industries, parent […]

Finance

Propel Funeral Partners raises capital, announces Share Purchase Program

Propel Funeral Partners of Australia and New Zealand announced last week, in this announcement, that they had raised $AU 50.2 million via a placement with institutional investors.  They also announced that they are offering eligible existing shareholders the opportunity to purchase a total of up to $AU 10 million via a share purchase plan. Here’s what Albin Kurti, Managing Director of Propel said in the release, “We are delighted by the support received from Propel’s existing institutional shareholders and to […]