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Tractor Supply Company announced in a press release today (Feb. 17) it has entered into an agreement to acquire Orscheln Farm and Home.
Orscheln, headquartered in Moberly, operates 167 stores in 11 states: Missouri (including Shelbina, Monroe City, Macon and Canton), Kansas, Nebraska, Iowa, Indiana, Oklahoma, Arkansas, Texas, Kentucky, Illinois and Ohio.
“For more than 60 years, my family our Orscheln Farm and Home employees and I have been committed to serving the needs of rural communities across the Midwest,” Barry Orscheln, Chairman and CEO, said.
“I am very proud of all that we have accomplished over this time,” he continued. “I am confident that with Tractor Supply, our stores will be well-positioned to continue Orscheln’s tradition of taking care of our customers and communities for the next phase of growth.”
The deal is an all-cash transaction for approximately $297 million, net of acquired estimated future tax benefits of $23 million.
The acquisition is conditioned on the receipt of regulatory approval and satisfactory completion of customary closing conditions.