Generational Group Advises Schuylkill Haven Casket Company and Columbia Caskets Corp. in its sale to Victoriaville & Co.
31 Julio 2024 - 3:48PM
Business Wire
Generational Group, a leading mergers and acquisitions advisory
firm for privately held businesses, is pleased to announce the sale
of its client, Schuylkill Haven Casket Company and Columbia Caskets
Corp., to Victoriaville & Co. The acquisition closed July 9,
2024.
Located in Schuylkill Haven, Pennsylvania, Haven Line Industries
(became Haven Line industries in 1975 with the acquisition of
Columbia Caskets Corp.) was established in 1919 and includes both
Schuylkill Haven Casket Company and Columbia Caskets Corp.
Initially a steel mill, it transformed into a casket manufacturer
due to the Spanish Flu epidemic. In 1975, the company expanded to
meet the demand for metal caskets. Today, Haven Line Industries
distributes a variety of caskets, including wood, veneer, metal,
and cloth options. The company remains adaptable to market changes,
continuing to serve the funeral industry with quality products and
innovation.
Victoriaville & Co. founded in 1907, is a leading
manufacturer of hardwood caskets and a major distributor of funeral
products in North America. This fourth-generation family business
offers a range of products for both burial and cremation, including
metal and fabric-covered caskets, urns, memorial jewelry, and
keepsakes. Committed to eco-friendly and culturally diverse
options, the company also provides specialized caskets, including
child-size versions. With operations in Canada, the U.S., and the
U.K., Victoriaville & Co. continues to innovate and uphold
quality in the funeral industry.
Charles-Olivier Dumont, Vice-President and Chief Operating
Officer of Victoriaville & Co. stated, "This transaction
supports Victoriaville’s continued strategy to grow its business
geographically and through complementary product and service
offerings that benefit funeral professionals and the families they
serve. Victoriaville and Haven Line Industries share similar
business values with a driving focus on the needs of funeral
professionals. This commitment towards solutions for the challenges
faced by their customers will continue to be the compass for the
combined enterprises.”
Haven Line Industries President and CEO, Tina D. Houck, added,
“Haven Line Industries has a proud heritage dating back to 1919.
Both companies have earned a reputation for value and service and
this transaction will result in a great blending of two
family-operated iconic brands. I am really excited about the
possibilities this combination will create for our customers and
for our employees.”
Ray Palombi, a Generational Group Affiliate added, “This
partnership allows Victoriaville & Co to build on their
formidable industry position, while the remarkable legacy of Haven
Line Industries enters a new chapter.”
Generational Group Executive Managing Director of M&A –
Eastern Region, David Fergusson and his team, led by Generational
Group Affiliate, Raymond Palombi, with the support of Managing
Director, M&A, Corey Painter, closed the deal. Senior Managing
Director, David Pickard, established the initial relationship with
Schuylkill Haven Casket Company and Columbia Caskets Corp.
About Generational Group
Generational Group, headquartered in Dallas, is a leading,
award-winning, full-service business advisory firm. With more than
350 professionals located throughout 17 offices in North America,
the company helps business owners release their business’ wealth by
providing growth consulting, merger, acquisition, and wealth
management services. The Generational suite of advisory services
includes strategic growth consulting, exit planning education,
business valuation, value enhancement strategies, M&A services,
digital services, and wealth management. For more information visit
generational.com.
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Jenna Gaston 469-694-8764 jgaston@generational.com