TRACTOR SUPPLY COMPANY IS EXPANDING ITS PRESENCE IN THE MIDSEST WITH THE PURCHASE OF ORSCHELN FARM AND HOME. UNDER THE TERMS OF THE AGREEMENT, TRACTOR SUPPLY IS PURCHASING 166 ORSCHELN STORES FOR ABOUT $320 MILLION IN AN ALL CASH TRANSACTION. TRACTOR SUPPLY COMPANY IS THE LARGEST RURAL LIFESTYLE RETAILER IN THE UNITED STATES. TRACTOR SUPPLY WILL DIVEST 85 OF THE ACQUIRED LOCATIONS TO TWO BUYERS, BOMGAARS SUPPLY, WITH 73 AND BUCHEIT ENTERPRISES WITH 12 STORES. OVER THE COURSE OF THE NEXT 15 MONTHS, THE 81 STORES RETAINED BY TRACTOR SUPPLY, INCLUDE THE STORES IN OTTAWA, GARNETT AND 14 OTHERS IN KANSAS. THE STORES IN LAWRENCE, LOUISBURG, GARDNER AND 17 OTHERS WILL BECOME BOMGAARS.
TRACTOR SUPPLY PRESIDENT AND CEO, HALL LAWTON, SAYS THE PURCHASE OF THE NEW STORES WILL EXPAND THEIR CAPABILITY TO BETTER SERVE CUSTOMERS IN THE MIDWEST. CHAIRMAN AND CEO OF ORSCHELN, BARRY ORSCHELN, SAYS HE IS PROUD OF THE COMPANIES ACCOMPLISHMENTS OVER THE PAST 60 YEARS AND HE IS CONFIDENT THAT WITH TRACTOR SUPPLY, STORES WILL BE WELL-POSITIONED TO CONTINUE THEIR TRADITION OF TAKING CARE OF OUR CUSTOMERS AND COMMUNITIES FOR THE NEXT PHASE OF GROWTH.
TRACTOR SUPPLY IS HEADQUARTERED IN BRENTWOOD, TENNESSEE AND HAD OVER 2,000 STORES IN 49 STATES BEFORE THE ACQUISITION.
