
Grupo Soledad enters steel industry with Aceros y Servicios acquisition
Spanish company Grupo Soledad (GS) has entered the steel sector with the acquisition of Aceros y Servicios (AyS), a Valencia-based special steel supplier and manufacturer of components for the railways, tooling, ceramics, and machinery sectors, Kallanish notes.
GS specialises in the retail distribution of tyres and spare parts for the automotive industry. Additionally, through its subsidiaries, the company manufactures components for the construction sector via Caucho Industrial Verdú (Alcoi). It also produces machinery for the recycling sector through Tallants Navarro.
“With this acquisition, the group is expanding its expertise in the special steels sector while also strengthening the production capacities of two of our companies, both of which have ambitious expansion plans in their respective markets,” Grupo Soledad states.
AyS is set to develop steel components for Alcoi, focusing on the railway infrastructure and construction sectors. These are both experiencing strong international demand due to the expansion of high-speed rail and the modernisation of conventional rail networks across Europe. Additionally, the company will manufacture machinery for ferrous recycling and industrial steel cutting blades for Tallants Navarro.
“Aceros y Servicios, alongside the new opportunities presented, will continue to create value for its customers. This will be achieved through optimisation processes in steel selection and application studies, areas in which the company has seen significant success in recent years,” Grupo Soledad adds.
Todor Kirkov Bulgaria