Limerick's Sysco Foods paid €7.59m for Dublin food business

Profits dip to €23.76m last year

The business recorded post tax profits of €18.99m after incurring a corporation tax charge of €4.77m.

The Irish arm of US food giant, Sysco Foods last year paid out €7.59m to acquire Dublin based food business, Ready Chef Ltd.

That is according to new accounts for the Co Limerick based business - formerly Pallas Foods – which show that Sysco Foods Ireland UC’s pre-tax profits declined by 18% from €29.04m to €23.76m in the 12 months to the end of June 2024.