Fastener and Class-C components distributor Fasco Inc. has acquired fellow suburban Chicago distributor In-Line Fastener, company officials announced last week.
Fasco, based in Alsip, Illinois, completed the purchase of Elk Grove Village-based In-Line on Oct. 30. Company officials said the deal would strengthen its capabilities across North America and advance its overall growth strategy.
Terms of the transaction were not disclosed.
“This acquisition is an exciting step forward for Fasco and aligns well with our long-term growth strategy,” Fasco President Larry Arbetman said in a statement. “In-Line has built a strong business with long-standing customer and supplier relationships that complement our existing operations.”
Fasco operates locations in Alsip and in Taiwan, and will soon open a third facility in Querétaro, Mexico. The company provides components to OEM customers across the industrial, automotive and consumer product markets, as well as offers factory direct sourcing, inventory management programs, kitting, quality and engineering support, and value-added services.
