Italian cake maker Bauli has acquired local baker and confectioner Bistefani.

The acquisition, confirmed today (12 February), will include Bistefani's brands, which include: Motta, Buondi and Casalini. Financial details of the transaction were not disclosed.

Bistefani, which has revenues of around EUR75m, has its headquarters and a production facility in the province of Alessandria, in addition to administrative offices in Milan.