The Federal Trade Commission has given the green light to the sale of Moberly-based Orscheln Farm and Home to Tractor Supply Company. The Brentwood, Tennessee-based retailer announced Tuesday night that regulators had approved the $320 million, all-cash acquisition that the companies agreed to last year. The deal is expected to close Wednesday, but only 81 Orscheln locations will actually join the nation’s largest farm retailer.
As a condition for approval, TSC will have to sell 85 Orscheln locations. 73 locations, including Orscheln’s first store in Sedalia, will be sold to the Iowa-based Bomgaars chain. Tractor Supply Company will also sell the Orscheln Farm and Home corporate headquarters and distribution center to Bomgaars for $10 million before the end of next year. Buchheit will acquire the remaining 12, more than doubling their store count across Illinois and Missouri. 38 Orscheln locations in Missouri, including the flagship store in Moberly, will remain with Tractor Supply Company, bringing the company’s locations to over 2100.
Orscheln Farm & Home locations becoming Tractor Supply Company
Orscheln Farm & Home locations becoming Bomgaars
Orscheln Farm & Home locations becoming Buchheit