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Wisconsin Ag News Headlines
Owners of Mills Fleet Farm Looking to Sell
Wisconsin Ag Connection - 10/08/2015

One of the Midwest's largest hardware and farm supply companies may soon be up for sale. Mills Fleet Farm has announced it is taking the steps to sell its chain of stores to another firm or investor group.

The Brainerd, Minnesota-based Fleet Farm has 36 store locations in four states and employs about 6,000 people.

Stewart Mills III says the move is a necessary step if the company wants to grow in the future.

"Fleet Farm has now reached a point where to continue that necessary pace of growth, it needs to look for outside sources of capital in order to remain competitive and keep creating and maintaining good paying jobs with excellent benefits," the company said in a statement. "To ensure the strength of business going forward, the company is in the process of bringing in an outside partner to work with and enhance the current management structure."

Mills said the company's warehouse and distribution system are also in need to significant upgrades. With the proper modernization, Fleet Farm could potentially add three or four stores each year as part of its growth plan.

If a sale were to take place, the Mills Automotive Group, which has 12 locations, would not part of the transaction.


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