Spanish environmental services firm Tradebe has acquired a majority stake in Soltec (Ireland) Ltd, a Mullingar-based transfer station and solvent recycling business recognised for its rigorous environmental, health and safety standards, marking the company's entry into the Irish environmental services market.

According to Tradebe, Soltec was founded by the Corcoran family and has operated for more than 30 years supporting industrial customers across Ireland while maintaining high standards across environmental compliance, occupational health and safety, and quality management. The business employs 25 people and generates annual revenues of approximately €6 million.

The Mullingar facility operates with a strong safety culture, welcoming customer audits as part of its ongoing commitment to transparency, safety and quality. That culture of proactive safety management and operational discipline was cited by Tradebe as a key factor in its decision to acquire the business.

Solvent recycling and transfer station operations involve the handling of hazardous industrial waste streams, requiring robust health and safety frameworks, regulatory compliance and effective risk management across all stages of the recycling and recovery process.

"The company has built a highly respected operation with strong technical capabilities, an excellent safety culture and a customer-focused approach that aligns closely with our values," said Oriol Segarra, chief executive of Tradebe Environmental Services UK. "We see significant opportunities to create operational synergies across the UK and Ireland while continuing to support customers with high-quality environmental services."

David Corcoran, chief executive of Soltec, said Tradebe's expertise, scale and long-term vision made the firm the right partner to support the next stage of growth, with sustainability, safety and quality remaining central commitments of the business going forward.

Read the full announcement to learn more about Tradebe's acquisition of Soltec and its entry into the Irish environmental services market.