Alltech, the privately owned animal nutrition company, saw profits almost double in its European operations in 2017. Accounts recently filed with the companies office show that Alltech Ireland, which is the parent company of Alltech’s European operations, reported an 86% increase in pre-tax profits to €4.6m for its 2017 financial year.

Alltech said the strong improvement in profits was a result of one-off charges and integration costs in the previous year associated with the acquisition of Keenan. Alltech paid less than €4m to buy Keenan, the Carlow-based machinery manufacturer, out of receivership in April 2016.