NORWOOD Park, the company that owns the crematorium at Bathurst Cemetery, is under new ownership.
The purchase of the company occurred in March, following competition between Propel Funeral Partners and InvoCare.
Finance News Network reports that InvoCare withdrew its interest in Norwood Park in February, making way for Propel to secure the majority of the shares.
In a report on its website, Propel said that one of its subsidiaries, FV (ACT), now holds 96.8 per cent of the shares in Norwood Park.
The report said FV (ACT) had started “the process of compulsorily acquiring the remaining shares in the capital of Norwood Park”.
While the funeral company does have a new owner, Norwood Park general manager Stephen Beer said not much would change.
The company will continue to be known at Norwood Park and current employees, including Mr Beer, will stay on in their positions.
However, the board no longer exists under the Norwood Park model.
“It is business as usual. Some of the accounting practices will change, some of the reporting processes will change,” Mr Beer said.
“Nothing much will change until the new financial year.”
He said Norwood Park has been very stable over the last eight years and seen a lot of expansion, its work in Bathurst a good example of that.
The crematorium opened in Bathurst’s cemetery, which Norwood Park has a 50-year lease of from Bathurst Regional Council, in August, 2013.
Since then, Canberra-based Norwood Park has worked very hard to develop the area for the community.
Part of the development included major landscaping, which has seen the construction of a reflective pond, various water features, a rotunda and gazebo, along with planting of new trees and shrubs.
“We’ve got more work to do on the new side of the cemetery and we’ve got some new trees going in,” Mr Beer said of the future.