Acquisition costs eat into Valeo Foods profits

Exceptional costs of €12.24m ate into profits at consumer foods group Valeo Foods last year.

Newly-filed accounts for the group - which owns popular brands such as Odlums, Batchelors, Jacob's, Kelkin and Erin - show pre-tax profits fell 16% to €24.2m in the 12 months to the end of last March.