Stonemor inc. announces exit of west coast with agreement to sell all assets in oregon and washington; announces completion of sale of remaining california locations

Trevose, pa., nov. 09, 2020 (globe newswire) -- stonemor inc. (nyse: ston) , a leading owner and operator of cemeteries and funeral homes, today announced it has signed a definitive agreement to sell the assets of its oregon and washington locations to clearstone memorial partners, llc (“clearstone”) for a total cash purchase price of $6.2 million. the locations included in the transaction are farnstorm mortuary in independence, oregon, fir lawn memorial park and mortuary in hillsboro, oregon, forest lawn cemetery in gresham, oregon, hillcrest memorial park, crematory and mortuary in medford, oregon, keizer funeral chapel and farnstorm cremation center in keizer, oregon, memory gardens memorial park and memory gardens mortuary in medford, oregon, peake funeral chapel in milwaukie, oregon, restlawn memory gardens, mausoleum and restlawn funeral home in salem, oregon, roseburg memorial cemetery in roseburg, oregon, valley view cemetery in sutherlin, oregon, wilson's chapel of roses and roseburg cemetery in roseburg, oregon, care cremation service in clackamas, oregon, marysville cemetery in marysville, washington and oakwood hill cemetery and funeral chapel in tacoma, washington.
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