JEFFERSON, La., July 5, 2011 (GLOBE NEWSWIRE) -- Stewart Enterprises, Inc. (Nasdaq:STEI) reported today that it has purchased Desert View Funeral Home and Memorial Park in Victorville, Calif.
"We are pleased to be able to strengthen our ability to serve families in this southern California market," said President and Chief Executive Officer Tom Kitchen. As part of its growth strategy, the Company is identifying acquisition candidates that include significant cemetery, funeral home and preneed sales opportunities for the traditional and cremation consumer. "Desert View Funeral Home and Memorial Park is an attractive combination operation that fits our business model, complements our nearby locations and thereby leverages our existing local infrastructure. We are proud to have this high quality operation join our Stewart family," Kitchen added.
Regional Vice President Mike Miller is excited about this addition to the region. "We welcome the dedicated staff and the families with whom they have built lasting relationships," Miller said. "We are proud to now be able to serve even more families in Victorville and the surrounding community."
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.
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