There has been a major acquisition in the farm store market which will impact several different store chains, spelling the end of one.
After studying it for more than a year, the Federal Trade Commission approved an agreement that will see Tractor Supply Company purchase Orscheln Farm and Home. Tractor Supply Company is based in Tennessee, while Orscheln Farm and Home is headquartered in Missouri. Two other companies are also involved.
According Agricultural dailyTractor Supply Company will retain 81 stores as part of the deal, but they are forced to sell even more than that.
Bomgaars, a farm and ranch retailer based in Sioux City, Iowa, will get 73 Orscheln stores. Bomgaars says they’re getting those stores as a “condition to alleviate anti-trust concerns.” The Monks Register reports Buchheit Corp. of Missouri will obtain 12 Orscheln stores as part of the transaction.
According to a press release from Bombaars, originating in Iowa in 1944, the acquisitions will give them 180 locations in 15 states. The family-owned retailer is currently in western Iowa, with Minnesota, Nebraska, Kansas and South Dakota here in the Midwest. The acquisition will expand its Midwest presence to Indiana, Missouri, Ohio, Oklahoma and Texas.
Buchheitwhich currently only exists in Missouri and Illinois, will expand to Nebraska, Arkansas and Kentucky.
According to Bomgaars’ corporate headquarters marketing department, eastern Iowa’s Orscheln stores in Fairfield and Ottumwa are part of the purchase. They will become the 36th and 37th Bomgaars stores in iowa. Only two of the existing Bomgaars stores in Iowa are east of I-35. These are in Chariton and Winterset.
Orscheln Farm and Home currently has 186 stores, including 14 in Iowa. Since we know Fairfield and Ottumwa stores will become Bomgaars, that means Orscheln stores in Atlantic, Boone, Centerville, Clarinda, Guthrie Center, Iowa City, Mount Pleasant, Oskaloosa, Perry, Red Oak, Shenandoah and Washington will become Tractor Stores. the supply company.
Tractor Supply, the largest rural lifestyle retailer in the United States, now has nearly 2,100 stores across the United States Their website says Orscheln Farm and Home stores will be transformed into Tractor Supply locations by the end of 2023.
Tractor Supply Company
Comments are closed.