Alsip, IL-based fasteners and components distributor Fasco Inc. announced Nov. 2 that it acquired the business assets of In-Line Fastener Inc., based in Elk Grove Village, IL.

The transaction closed Oct. 30. Financial terms were not disclosed.

Fasco said the acquisition expands its customer base and presence in industrial fastener distribution.

“In-Line has built a strong business with longstanding customer and supplier relationships that complement our existing operations,” Fasco President Larry Arbetman said in a news release.

Fasco Executive Vice President Harry Doherty said the company’s immediate focus is on a smooth transition while introducing In-Line’s customers to Fasco’s additional resources and capabilities.

Founded in 1990 by Jay Jaffe and Dave Danner, In-Line distributes standard and custom fasteners, including bolts, screws, nuts, washers, rivets and metric products. Its services include bagging, kitting, assembly and custom bar coding.

Founded in 1978, Fasco serves original equipment manufacturers in automotive, industrial manufacturing, consumer products and other markets. Its services include factory-direct sourcing, inventory management, kitting, quality assurance and engineering support.

Fasco operates in Alsip and Tainan, Taiwan, and said it has a location set to open in Querétaro, Mexico. The company also maintains an ISO/IEC 17025-accredited quality laboratory.