Tractor Supply, which describes itself as the nation’s largest rural lifestyle retailer, announced in February it’s entered into an agreement to acquire Orscheln Farm and Home in an all-cash transaction for $297 million. Orscheln Management executive vice president Mark Miles spoke on 939 the Eagle’s “CEO Round Table”.
“The process is moving forward as expected, but we don’t have an anticipated closing date at this time. We’re hopeful that that will occur within the next few months,” Miles says.
Orscheln operates 61 stores across Missouri, including two Columbia stores: one on Paris Road and the other on South Providence. They also have a Jefferson City store, which is located on heavily-traveled Missouri Boulevard.
Tractor Supply tells 939 the Eagle that it’s business as usual right now for the 61 Missouri Orscheln stores. Tractor Supply’s focus is on regulatory approval.
While the COVID pandemic has caused some Missouri businesses to close their doors, Orscheln Farm and Home says they’ve gained new customers.
“There are many new customers that explored Orscheln Farm and Home to see what we had to offer, and those customers continue to return to our stores. It’s a smaller environment. It’s a family-oriented environment, and the feedback that we’ve received from those new customers has been simply outstanding,” says Miles.
Click here to listen to the full interview between KSSZ’s Fred Parry and Orscheln Management executive vice president Mark Miles.