Italian confectioner Perfetti Van Melle has acquired Spanish lollipop manufacturer Chupa Chups for an undisclosed sum.

Reports in the Spanish press suggest that the sale, which also includes the mint brand Smint could be worth an estimated €400m (£278m).

Augusto Perfetti from Perfetti Van Melle said: "The acquisition of this prominent group represents a significat reinforcement of our position as a world-class confectionery company and provides additional diversification into the candy segment."