Tractor Supply Company acquired Orscheln Farm & Home.
The Acquisition of Orscheln Farm & Home
Tractor Supply Company announced its intention to acquire Orscheln Farm & Home in February 2021. This significant move in the rural lifestyle retail sector was valued at $297 million, aiming to expand Tractor Supply's footprint and market presence across the United States.
Below is a summary of the key financial and timeline details of this acquisition:
| Detail | Information |
|---|---|
| Acquired Company | Orscheln Farm & Home |
| Acquiring Company | Tractor Supply Company |
| Announcement Date | February 2021 |
| Acquisition Value | $297 million |
| Approval Date | October 2022 |
| Approving Authority | Federal Trade Commission (FTC) |
Regulatory Approval and Divestiture Conditions
The acquisition process involved regulatory scrutiny to ensure fair competition. The Federal Trade Commission (FTC) approved the buyout in October 2022, but with a specific condition. To prevent market concentration, Tractor Supply was required to divest 85 of the locations that were part of the acquisition.
Key regulatory milestones and conditions include:
- Initial Announcement: February 2021, signaling the start of the acquisition process.
- FTC Review: The Federal Trade Commission conducted a thorough review of the proposed acquisition.
- Conditional Approval: In October 2022, the FTC granted approval, contingent on specific divestiture requirements.
- Divestiture Requirement: Tractor Supply was mandated to sell off 85 of the acquired Orscheln Farm & Home store locations. This condition aimed to address antitrust concerns and maintain competitive market conditions.
This strategic acquisition significantly expanded Tractor Supply's operational scale, integrating a substantial number of retail locations into its network while adhering to regulatory mandates.
