Tractor Supply Gets Approval For Orscheln Farm and Home Acquisition

Tractor Supply Company has received clearance from the Federal Trade Commission (FTC) to close on its previously announced acquisition of Orscheln Farm and Home.

The close is anticipated to be completed on Oct. 12 and will result in Tractor Supply acquiring 81 net stores and divesting the remaining 85 stores to two buyers approved by the FTC. The net purchase price of the 81 stores acquired and retained is approximately $238 million 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,” said Hal Lawton, Tractor Supply’s president and CEO. “We are committed to providing customers in the region with an elevated product assortment, a meaningful loyalty offering, an enhanced digital shopping experience and so much more that Tractor Supply is able to offer.” 

According to Lawton, Tractor Supply is on track to achieve several milestones in the growth of the company, including annual revenues in excess of $14 billion, a store base of more than 2,100 locations and a workforce of 50,000. 

“We are excited to build on our track record of long-term growth as we look to unlock revenue and earnings opportunities with this attractive acquisition that enhances our growth profile,” he said