Toymaker Jakks Pacific Inc. said Tuesday that it acquired a line of pet toys through the Pet Pal Corp. from an unnamed privately held seller. Financial terms of the transaction were not disclosed.

The Pet Pal product line is comprised of licensed and non-licensed pet toys, treats and related products, including those based on American Kennel Club, SpongeBob SquarePants, Madagascar, Shrek and Barbie, and is currently distributed in the U.S. and Canada.

Tony Lawlor and Merritt Schoch, who managed the pet business for the selling company, have joined Malibu-based Jakks and will continue to manage and develop the line through Pet Pal Corp. at its Carlsbad offices, Jakks said in a statement Tuesday.

“The Pet Pal acquisition is a wonderful complement to our growing consumer products portfolio, and one which provides further opportunities for diversification in our distribution channels,” said Joel Bennett, executive vice president and chief financial officer at Jakks Pacific.

The acquisition is expected to add nominally to Jakks’ 2005 earnings and make a more substantial contribution in 2006.

Jakk’s shares settled down 0.7 percent to $21.18 on Tuesday.