Vaughan & Bushnell Manufacturing Co., a hand tool producer, announced it has acquired substantially all the assets of Dasco Pro Inc., a producer of chisels and punches.

Dasco, located in Rockford, Ill., has been forging and selling tools since 1922. It offers a broad range of forged hand tools for construction professionals, home improvement enthusiasts, and hobbyists.

“We are extremely excited about our acquisition of Dasco and combining these two great, venerable American companies” Charlie Vaughan, company president, said in a statement. “This acquisition will expand our product offering within the same growing retail category, generate further economies of scale for our ‘Made in the USA’ manufacturing, and strengthen our competitive advantage against other tool manufacturers, both domestic and foreign”.

Dasco’s products will continue to be sold by Vaughan under the Dasco trade name.