Employing the recently developed self-consistent variational basis generation scheme, we have investigated the bipolaron-bipolaron interaction within the purview of Holstein-Hubbard and the extended-Holstein-Hubbard (F2H) model on a discrete one-dimensional lattice. The density-matrix renormalization group (DMRG) method has also been used for the Holstein-Hubbard model. We have shown that there exists no bipolaron-bipolaron attraction in the Holstein-Hubbard model. In contrast, we have obtained clear-cut bipolaron-bipolaron attraction in the F2H model. Composite bipolarons are formed above a critical electron-phonon coupling strength, which can survive the finite Hubbard $U$ effect. We have constructed the phase diagram of F2H polarons and bipolarons, and discussed the phase separation in terms of the formation of composite bipolarons.

7 pages, 7 figures, accepted for publication in Phys. Rev. B