HOUSTON, June 30 Carriage Services, Inc. (NYSE: CSV) announced today that it has acquired Fuller Funeral Homes and Cremation Services in Naples and Cape Coral, Florida from Michael S. Fuller. Recognizing a great need for a modern funeral home to meet the community's growing needs, Michael Fuller opened a centrally located facility in Naples in 1996. Michael quickly grew his premier funeral home business, which included the opening of an almost identical east Naples location in 1999. Michael continued to grow within the surrounding market, and the business now serves approximately 1,800 families annually in its five facilities, including a newly constructed and soon to be operating Cremation Center. One of the facilities being acquired is in close proximity to Carriage's Cape Coral facility, which will offer future synergies to Carriage's funeral home operations in that market. Michael and his wife Juliana Fuller will continue to be very active in the funeral industry as consultants for Carriage Services.
J. Bradley Green, Executive Vice President, Strategic Development of Carriage, said, "As a result of adding this premier business to our portfolio, we were able to acquire a strategic market in a single transaction. As always, we will strive to uphold and build upon the standard of service, excellence and reputation for which Fuller Funeral Homes is known."
Carriage Services is a leading provider of death care services and merchandise in the United States. Carriage operates 140 funeral homes in 25 states and 33 cemeteries in 12 states.
Certain statements made herein or elsewhere by, or on behalf of, the Company that are not historical facts are intended to be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are based on assumptions that the Company believes are reasonable; however, many important factors, as discussed under "Forward-Looking Statements and Cautionary Statements" in the Company's Annual Report and Form 10-K for the year ended December 31, 2009, could cause the Company's results in the future to differ materially from the forward-looking statements made herein and in any other documents or oral presentations made by, or on behalf of, the Company. The Company assumes no obligation to update or publicly release any revisions to forward-looking statements made herein or any other forward-looking statements made by, or on behalf of, the Company. A copy of the Company's Form 10-K, and other Carriage Services information and news releases, are available at www.carriageservices.com.
Contacts: Terry Sanford, EVP & CFO Carriage Services, Inc. 713-332-8400 Ken Dennard / ksdenna[email protected]
Kip Rupp / [email protected]
DRG&E / 713-529-6600
SOURCE Carriage Services, Inc.