Funécap, the funeral services group, announced on Monday August 3 that it has taken over the Roc-Eclerc funeral services franchise (400 branches in France).
Funeral services group Funécap announced in a press release on Monday August 3 that it has taken control of funeral services franchise Roc-Eclerc from Daniel Abittan, its majority shareholder since 2012, and his associates.
Founded in 1985, Roc-Eclerc (400 franchise agencies) "will consolidate the Funécap group's multi-brand positioning and significantly strengthen the group's presence in the fair-price services segment, while maintaining its management autonomy, which guarantees the best protection of the interests of affiliates under the Roc-Eclercbrand, " the group said in its press release.
Founded in 2010, Funécap operates 250 agencies, both directly and through franchises, under several national brands (including Pompes Funèbres Pascal Leclerc and L’Organisation Funéraire) and local brands (under the France Obsèques). Thanks to this acquisition, the group "will approach €200 million in revenue in 2015, including €110 million of its own and €140 million in franchises. "
"This merger will also enable the group and its franchisees to respond to the significant changes currently taking place in the funeral market and to make the most of them," the press release adds.