Keystone North America Inc. announces the closing of the previously announced transaction with Service Corporation International


    TORONTO, April 10 /CNW/ - Keystone North America Inc. (TSX: KNA.UN), the
fifth largest operator of funeral homes in North America with 182 funeral
homes and 14 cemeteries in 28 states and the province of Ontario, today
announced that it has closed the previously announced agreement to acquire
eleven funeral homes and four cemetery businesses from Service Corporation
    Bob Horn, Chairman and CEO of Keystone North America Inc., stated, "We
are excited to have successfully completed the regulatory review process and
to have closed this much anticipated transaction. These locations represent
valued and respected trade names in key markets that we anticipate will be
strong performers for Keystone for years to come. Under the leadership of our
executive management team, these acquisitions are expected to be immediately
accretive to our distributable cash."

    Forward-Looking Statement

    This press release contains certain statements that constitute
forward-looking statements within the meaning of applicable securities
legislation. Such forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause the results, performance or
achievements of Keystone or developments in the industry to differ materially
from anticipated results, performance, achievements or developments expressed
or implied by such forward-looking statements. Actual results may differ
materially from management expectations as projected in such forward-looking
statements for a variety of reasons, including market and general economic
conditions and the risks and uncertainties detailed from time to time in
Keystone's annual information form and quarterly financial reports filed with
the Canadian securities regulatory authorities. With respect to the proposed
acquisition, additional risks include, among other things, there is no
guarantee that the Company will be able to successfully integrate the new
acquisitions, that the Company will be able to retain key employees and the
may not be able to realize all anticipated synergies. Due to the potential
impact of these factors, KNA and KNA ULC disclaim any intention or obligation
to update or revise any forward-looking statements, whether as a result of new
information, future events or otherwise, unless required by applicable law.

    %SEDAR: 00021578E

For further information:

For further information: Robert G. Horn, Chief Executive Officer, (813)
225-4652 or; Stephen Shaffer, Chief Financial Officer,
(813) 225-4654 or; or visit our investor website at

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