Service Corp.'S Pall Over Europe
THE WAL-MART OF AMERICAN undertakers, Service Corp. International in Houston is massing in Europe. On July 10, it acquired two funeral divisions of French conglomerate Lyonnaise des Eaux for $796 million. The buys include 950 mortuaries in France and a smattering of properties from Switzerland to the Czech Republic. The divisions, with revenues of $568 million last year, will boost Service Corp. to about $1.5 billion in sales in '95.