Tractor Supply acquires Orscheln Farm and Home

Tractor Supply, the largest rural lifestyle retailer in the United States, received clearance from the Federal Trade Commission (FTC) to close on its previously announced acquisition of Orscheln Farm and Home. The closing of the acquisition is anticipated to be completed on 12 October 2022. The company thereby acquires net 81 stores and divests the remaining 85 stores to two buyers approved by the FTC. The net purchase price of the 81 stores acquired and retained is approximately USD 238 mio (EUR 245 mio) before working capital adjustments.

"Today is an important day for Tractor Supply as this acquisition expands our ability to better serve our customers in the Midwest," says Hal Lawton, Tractor Supply's president and CEO. "Importantly, Tractor Supply is on track to achieve several monumental milestones in the growth of our company including annual revenues in excess of USD 14 bn, a store base of over 2 100 Tractor Supply locations and a highly engaged workforce of 50 000 team members." The Orscheln locations will be converted to Tractor Supply stores, Lawton announced.