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