Tradebe Acquires Majority Stake in Irish Firm Soltec

Tradebe, a significant player in environmental services, has significantly bolstered its presence in the Republic of Ireland by acquiring a majority interest in Soltec (Ireland) Ltd. This strategic move marks Tradebe's formal entry into the Irish environmental services arena, integrating a business with established expertise in waste transfer and solvent recovery.

The acquired entity, Soltec, founded by the Corcoran family, operates from Mullingar and specializes in transfer station operations and the distillation of solvents. The company serves a diverse industrial clientele, adhering to stringent Environmental, Health & Safety, and Quality standards. With a workforce of 25 employees, Soltec generates approximately €6 million in annual revenue, adding a valuable asset to Tradebe's growing portfolio.

This acquisition is a key component of Tradebe's broader strategy to enhance its environmental service capabilities and foster greater operational synergies across the United Kingdom and Ireland. The integration of Soltec is expected to strengthen Tradebe's capacity to deliver comprehensive waste management and resource recovery solutions throughout the region. The Mullingar facility's reputation for operational excellence and a customer-centric approach, including a willingness to accommodate customer audits, aligns well with Tradebe's core values.

Oriol Segarra, CEO of Tradebe Environmental Services UK, highlighted the strategic importance of the transaction. "This acquisition represents an important strategic step for Tradebe Environmental Services UK," Segarra stated. "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. We see significant opportunities to create operational synergies across the UK and Ireland while continuing to support customers with high-quality environmental services." This sentiment underscores the anticipated benefits of combining the operational strengths of both firms.

David Corcoran, CEO of Soltec, expressed enthusiasm for the new chapter. "Becoming part of Tradebe marks an exciting new chapter for our business, employees and customers," he commented. "I am proud of the company my father established over 30 years ago, and of having had the opportunity to work alongside him in building it to what it is today, with a continued focus on our key commitments to sustainability, safety, quality and customer service. Tradebe’s expertise, scale and long-term vision make them the right partner to support the next stage of growth." This partnership is poised to leverage Tradebe's extensive experience and market reach to propel Soltec's growth.

Tradebe, with over four decades of experience, operates across Environmental Services, Life Sciences, Health & Nutrition, and Port Services. As of the end of the 2025 financial year, the group reported aggregate operating revenues exceeding €830 million, managing over 100 sites and employing more than 3,000 individuals across Europe and the USA. This latest acquisition underscores Tradebe's ongoing commitment to strategic M&A as a core element of its expansion strategy, as noted by Lubomira Fikova, Corporate Business Development Manager.