A major Cornish pasty-maker is being taken over - by the French.

Bodmin based Proper Cornish has been acquired by the Boncolac group.

Proper Cornish specialises in Cornish pasties produced in its 58,000 square feet bakery on the outskirts of the town.

The firm has been acquired by Boncolac, a French manufacturer now entering the UK market, with the deal backed by Waterland Private Equity Investments.

Mark Lucas, managing director and corporate finance lead for Quantuma, who led the sales process on behalf of Proper Cornish shareholders, said:  "This transaction delivers continuity for Proper Cornish as part of the Boncolac Group, an ambitious pan European buy-and-build projects.

"The acquisition offers Boncolac... a strong presence in the UK market.

Proper Cornish chief executive Chris Pauling said "the best price and home for our business" had been found.