Gresham to profit from UK hunger for pasties

Gresham, the UK mid-market buyout firm, has bought the West Cornwall Pasty company, banking on the Cornish snack’s durability in an economic downturn.

UK mid-market buyout firm Gresham has bought the UK snack company West Cornwall Pasty Company from its founders. Terms were not disclosed, but the price was between £30 million (€43 million, $61 million) and £40 million, according to a source close to the deal.

The pasty company has a turnover of more than £22 million and serves approximately 7.5

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