February 14, 2011 06:35 PM

Fresh out of the oven!

Cake Boss star Buddy Valastro is a dad for the fourth time, his rep tells PEOPLE.

Valastro’s wife Lisa, who also appears on the TLC show, gave birth to son Carlo Salvatore Valastro on Monday, Feb. 14 at 5:11 p.m. The baby boy was born at Saint Barnabas Medical Center in Livingston N.J., weighing in at 7 lbs., 3 oz., and measuring 20 inches long.

“We feel so blessed to welcome a healthy new baby into our family,” Valastro, 33, tells PEOPLE. “Lisa s doing great and we can’t wait to bring Carlo home.”

Carlo joins elder siblings Sofia, 7, Buddy, 6, and Marco, 3, at home in Hoboken, N.J., where Valastro runs Carlo’s Bakery.

The baby’s names each honor a man close to the family’s heart: Carlo, for the man Valastro’s father took over the business from, and Salvatore for Sal Picinich, who worked in the shop as a baker for more than four decades and whom Valastro considered to be a second father. Picinich lost his battle with cancer in January.

TLC will air a one-hour special celebrating the new baby on Sunday, March 6 at 9 pm ET, capturing the family preparing for his arrival, Lisa’s baby shower, and the birth of Carlo.

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