Bialetti, the Italian manufacturer of the famed stove-top moka coffee pot, has struck a deal to sell the business to an investment vehicle owned by a Chinese tycoon.
Founded in 1933 by Alfonso Bialetti, an engineer who produced the first coffee pots from his workshop in Crusinallo, Piedmont, the company is being bought by Luxembourg-registered NUO Capital, which will pay €53m (£46m) for 78.6% of its shares.
