A national chain of farm equipment and supplies with a store at the Lake of the Ozarks has been sold.
According to a release, Orscheln Farm and Home stores were sold for $297 million dollars to Tractor Supply Company.
In a statement, owner Barry Orscheln said that he was “proud” of what they had accomplished with his family-owned business for the past “60 years” and he was “hopeful” that great things are in store for the future with this transition.
Tractor Supply also released a statement, saying they have “great respect for Barry and his team” and they are honored to welcome the Orscheln family” to the Tractor Supply team.
Hal Lawton, Tractor Supply’s president and chief executive officer: “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. We have always had great respect for Barry Orscheln and the team at Orscheln Farm and Home for the strong connection they have with customers in the communities they serve, along with their industry knowledge and capabilities. With our shared values and passion for the Out Here lifestyle, we are honored to welcome Orscheln Farm and Home to the Tractor Supply family. We look forward to bringing together our highly complementary cultures and teams to realize the long-term value and benefits that we expect this acquisition to deliver.”
Barry Orscheln, chairman and CEO of Orscheln Farm and Home: “For more than 60 years, my family, our Orscheln Farm and Home employees and I have been committed to serving the needs of rural communities across the Midwest. I am very proud of all that we have accomplished over this time. I am confident that with Tractor Supply our stores will be well-positioned to continue Orscheln’s tradition of taking care of our customers and communities for the next phase of growth.”