Tractor Supply expands reach in Midwest

Tractor Supply Co. announced last week it will acquire Missouri-based Orscheln Farm & Home in a cash transaction valued at about $297 million. Orscheln’s 167 stores are scattered across 11 states in the U.S. Midwest and South. Its product mix is similar to Tractor Supply’s, with its focus on hardware, tools, lawn, and animal supplies. “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,” Hal Lawton, president and CEO of Tractor Supply, said in a statement. The deal is subject to regulatory approval.