Orscheln Farm and Home | ý Our Members Bring Choice, Value & Innovation to Agriculture Fri, 14 Oct 2022 18:18:40 +0000 en-US hourly 1 https://wordpress.org/?v=5.2.4 /wp-content/uploads/2023/09/fema-favicon-75x75.png Orscheln Farm and Home | ý 32 32 Tractor Supply Closes Acquisition of Orscheln Farm and Home /news/tractor-supply-closes-acquisition-of-orscheln-farm-and-home/ Fri, 14 Oct 2022 18:18:38 +0000 /?p=19907 Tractor Supply Companyannounced that it received clearance from the Federal Trade Commission to close on its previously announced acquisition of Orscheln Farm and Home. The Company will acquire a net 81 stores and divest 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.  The acquisition is anticipated to generate an estimated future tax benefit of approximately $20 million.

Over the course of the next 15 months post-closing, the stores retained by Tractor Supply will be remodeled to the Tractor Supply brand. The Company is raising its outlook for store growth opportunities to 2,800 locations, an increase of 100 stores. 

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]]> Tractor Supply to Buy Orscheln Farm and Home /shortliner/tractor-supply-to-buy-orscheln-farm-and-home/ Tue, 23 Feb 2021 19:44:28 +0000 /?p=12976 Tractor Supply Company is buying Orscheln Farm and Home in an all-cash transaction for about $297 million.

Orscheln operates 167 stores in Missouri, Kansas, Nebraska, Iowa, Indiana, Oklahoma, Arkansas, Texas, Kentucky, Illinois and Ohio.

“This is an exciting step for Tractor Supply as we expand our footprint in the Midwest with the high-quality assets of Orscheln Farm and Home,” said President and CEO Hal Lawton. “We look forward to bringing together our highly complementary cultures and teams to realize the long-term value and benefits that we expect this acquisition to deliver.”

Source: Business Wire

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