Tractor Supply Company has announced a deal to acquire Orscheln Farm and Home stores. The largest rural lifestyle retailer will acquire a network of 167 stores for approximately USD 297 million. These stores are spread in 11 states. The deal will be done in an all-cash transaction. Moberly-based Orscheln Farm and Home has one store in Centralia, Boonville, Fulton, and two stores in Columbia. The Orscheln stores are also in Kansas, Arkansas, Kentucky, Illinois, Nebraska, Oklahoma, Texas, Indiana, Iowa, and Ohio. The deal is conditioned upon the satisfactory completion of customary closing conditions and also receipt of regulatory approval.
Tractor Supply is currently operating around 2,000 stores in 49 states. It was founded in Minot, North Dakota in the year 1938. But now it has shifted base to Brentwood, Tennessee, near Nashville. According to a release, it is the largest rural lifestyle retail chain in America. Tractor Supply is also the owner of Petsense stores. It owns around 182 such stores operating in 25 states. These stores provide dog grooming services and pet supplies. While there is not a single store in Columbia, it can be very easily found in Sullivan, St. Robert, Lebanon, and Sikeston. The deal was recently announced to employees by Orscheln Farm and Home’s board chairpersons William ‘Barry’ Orscheln.
Orscheln said that he believes that both companies have similar cultures and values. “The deal to acquire Orscheln Farm and Home will enhance the shopping experience of our customers. The communities in which we do business are definitely going to be benefitted,” he said. Founded in 1960, Orscheln Farm and Home currently employees 2,800 people. It sells things like sporting goods, tools, apparel and traditional farm supplies. Orscheln Farm and Home president Marc Johnson said that the company has added over 60 store locations over the last 20 years. With this, it has now a presence in over 11 states. “The company will continue to work towards increasing the number of stores in the future with a main focus on providing quality products to local communities,” he had said.