Tractor Supply Closes Acquisition of Orscheln Farm and Home

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.