Hillenbrand( of Batesville Casket)continue to diversify-YourFuneralGuy

Hillenbrand Inc and the CEO Kenneth Camp, have acknowledged funeral industry and Casket sales decline.  The company executive has decided to live with the reality that is there. People are paying less funeral cost and many are continuing to live with the reality of the funeral industry decline.

Hillenbrand Inc. CEO Kenneth Camp might have been content for his company to stick to the casket business, given its predictability.

But with the public’s preference for cremation gaining on casket burials, he knew the company needed a new way to grow. Now, nine months after Hillenbrand closed on the $435 million purchase of Pitman, N.J.-based K-Tron International Inc., which makes manufacturing equipment, Camp is more convinced than ever that diversification was the right move.

“Batesville Casket will always be the bedrock, but we think it’s the right time for us to use some of our existing tools in an industry that can be another leg on the stool,” Camp said in an interview this week.

via www.bizjournals.com

Batesville Casket will continue to diversify in the years ahead. As the funeral industry declines, more alliances between companies like Batesville and other vendors will continue.

Funeral Industry|FuneralNews| Funeral Blog by Your Funeral Guy

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Illinos Preneed Scam seeks appeal in Court-Your Funeral Guy

Illinois Scandal-Image via Wikipedia

Over a year and a half ago Icanceled my membership in Illinois Funeral Directors Association. Paying an organization that questionably handled folks  funeral preneed funds  to the tune of nearly 100 million dollars is simply something I could not do!

Recently because of other questionable actions the judge has stated that the insurance company for the Illinois Funeral Directors Association did not have to insure the debacle,  theft or ponzi scheme. Now it appears that the IFDA, Illinois Funeral Directors Association is appealing that decision.

The Illinos Funeral Directors Association has decided to appeal a federal judge’s ruling that IFDA’s insurer would not be responsible for claims resulting from litigation surrounding the association’s beleaguered Master Trust …………

“Our lawyers believe that there are several arguments that can be made during the appeal that may allow for this ruling to be overturned,” said Duane Marsh, IFDA executive director. He noted that the appeal process can take up to 12 months depending upon the court’s schedule.

via memorialbusinessjournal.wordpress.com

Funeral Industry |Funeral News | Funeral Blog by Your Funeral Guy

This Funeral Scandal has seen no national coverage. Tere has been very little coverage of this funeral Preneed Scandal outside of Springfield. Illinois!

Your Funeral guy Blogs covered this scandal extensively for several years. The situation now is in the Hands of the courts.

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