Wilbert Funeral Services, Inc. and Suhor Industries, Inc Announce Merger
Wilbert Funeral Services, Inc. and Suhor Industries, Inc. announced today an agreement in principle to merge their companies. Wilbert Funeral Services, Inc. would be the surviving corporate entity. The Boards of Directors for both companies have approved the letter of intent and the transaction will be presented to shareholders at an upcoming meeting.
Wilbert Funeral Services, Inc. (WFSI) is a leading provider of burial vaults and cremation-related products. Suhor Industries, Inc. (SI) is the largest Wilbert licensee, with controlling interest in WFSI. In addition to Wilbert burial vaults, SI’s funeral industry products include monuments, lawn crypts, columbarium niches, mausoleums and caskets. SI also produces precast concrete products for wastewater, construction and agricultural markets.
“This merger will result in a very diverse and strong organization positioned for growth within the funeral and precast industries,” said Joseph U. Suhor, III, Chairman/CEO, Suhor Industries, Inc. “We are excited to move forward with this merger and create enhanced value for our customers.”
“WFSI also believes this strategic evolution will be advantageous to the entire Wilbert licensee network,” stated Dennis Welzenbach, President, Wilbert Funeral Services, Inc. “The combined capabilities and strength of the entity will ensure stability of the core products while improving opportunities for other licensees to diversify.”
For more information, call (708) 865-1600.
You may be interested
Bizarre Burial Pod Coffins That Grow More Trees.. Not Cut Them DownMadison Ashby - August 16, 2018
Capsula Mundi is an Italian organization with a mission of mastering green burial. This company wants to reinvent the way…
NFDA Announces Officer Election ResultsCDFuneralNews - August 16, 2018
Brookfield, Wis. – The National Funeral Directors Association (NFDA) is pleased to announce that qualified association members have elected the…
Funeral Service Foundation Now Accepting Select Foundation ’45 Award Applications and SubmissionsCDFuneralNews - August 16, 2018
Brookfield, Wis. – The Funeral Service Foundation is now accepting online applications and submissions for select Foundation ’45 Awards, which…