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Figaro's Italian Pizza Inc. has announced that it has completed the previously announced acquisition of the 17 unit Nick 'N' Willy's chain of take & bake pizzerias.

Nick 'N' Willy's was founded in Colorado in 1988. Today, it is located in nine states from Wisconsin to California.

Ron Berger, Figaro's chairman and CEO, said the company has been considering this acquisition since 2001, wanting to add Nick 'N' Willy's gourmet pizzerias to the Figaro's lineup.

"We are so excited that we now own the No. 1 and No. 2 top quality 'take & bake' brands, and we seek other such brands – both take & bake, as well as baked – as we grow our business," Berger said. "The acquisition complements our existing base of stores, in line with our strategy to grow top pizza brands."

Salem, Ore.-based Figaro's restaurants are located in nine states and three foreign countries.

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