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Grupo Soledad Enters Specialised Steel Market with Acquisition of Aceros y Servicios

Grupo Soledad Enters Specialised Steel Market with Acquisition of Aceros y Servicios

The acquisition will complement the production processes of the group's factories for recycling machinery and railway infrastructure.

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Viernes, 31 de enero 2025, 11:35

Aceros y Servicios, a firm specialising in special steels based in Puzol (Valencia), has become part of Grupo Soledad this week.

Through a majority stake in its shareholding, the company, which besides distributing steels, produces parts for various sectors such as railways, tooling, ceramics, and machinery manufacturing, will be integrated into the industrial strategy of the Elche-based business group.

Currently, Aceros has a turnover of over 14 million euros and employs 61 people, with a wide range of clients, each a leader in their respective sectors.

With this acquisition, the group increases its knowledge in the field of special steels and enhances the production capabilities of two of its firms: Caucho Industrial Verdú and Tallants Navarro, both of which currently have extensive expansion plans in their markets.

Aceros will consolidate the growth of Caucho Industrial Verdú (Alcoi) in developing parts for the infrastructure and railway construction sector, a sector with high international demand following the global rise of high-speed rail and the renovation of conventional railways in Europe.

Furthermore, Aceros y Servicios, as a leader in special steels, will assist Tallants Navarro in improving performance for the development of recycling machinery and blades, as well as boosting the productive capacity of the plant. The growing importance of recycling in society has increased the demand for its products worldwide.

Aceros y Servicios, along with these new horizons provided by the Group, will continue to generate value for its current clients through continuous optimisation processes in steel selection and application studies, as it has successfully developed in recent years.

About Grupo Soledad

The main activity of Grupo Soledad and its subsidiaries involves the distribution and retail sale of tyres and spare parts for all types of vehicles, as well as their maintenance, through brands such as Neumáticos Soledad or Confortauto. It also has a retreaded tyre factory (Insa Eco), recycles end-of-life tyres, manufactures rubber compounds (MCE), produces components for civil engineering (Caucho Industrial Verdúa), and manufactures machinery and accessories for recycling (Tallants Navarro), as well as providing a wide range of services (travel, insurance, logistics, etc.) through a network of warehouses, workshops, factories, offices, branches, and digital platforms.

The company's turnover reached 402,634,102 million euros in 2023, which is 3% above the previous year (390,869,597).

Grupo Soledad has aligned its activities with the Sustainable Development Goals (SDGs) and has set targets with each of these goals to be developed over the coming years as the third pillar of the companies' Ethics and Integrity strategy. The Grupo Soledad Code of Conduct states that all employees of the different companies that make up the group, from their area of operation, must contribute to the respect and protection of human rights and avoid behaviours contrary to them that they detect in their activity environment.

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todoalicante Grupo Soledad Enters Specialised Steel Market with Acquisition of Aceros y Servicios