Tractor Supply Company has announced the acquisition of Missouri-based Orscheln Farm and Home stores for $297 million in an all-cash deal that affects 167 stores in 11 states including Arkansas, Kansas and Oklahoma.

Moberly, Mo.,-based Orscheln Farm and Home has been a family-owned business for six decades selling farm and ranch products to consumers in the Midwest. Tractor Supply estimates the acquisition will be immediately accretive to earnings per share upon closing, with the earnings accretion is anticipated to grow over time as planned synergies are achieved.

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