Dignity completes acquisition of three crematoria

Listed provider of funeral-related services, Dignity, confirmed on Tuesday it has completed the acquisition of three of the previously-announced freehold crematoria locations from Co-op Funeralcare.

A further two sites remain on track for completion at a later stage, the company’s board said, pending consent of the relevant local authority and transfer of the trade and assets of the location to a new entity.

All five crematoria are located in markets not served by existing Dignity crematoria.

The three freehold locations are in Glasgow, Sheffield and Lichfield, with the other two leased and managed on behalf of local authorities in Shropshire and Stockport.

Total consideration for the acquisition was announced in May as £43m, being satisfied in cash upon completion.