A company will invest in energy recovery from unused tires and expand its manufacturing footprint
The Soledad Group has demonstrated resilience in the face of inflation and economic uncertainty, continuing its growth trajectory and strengthening its market position. After reporting a year of growth exceeding 10 percent, the group remains one of the largest conglomerates in its home region.
According to consolidated accounts filed with the Trade Registry by the parent company Grupeva SL, the group controlled by the Pérez Vázquez brothers achieved joint turnover of 390.8 million euros, up 37 million euros from the prior year. These figures reflect broad-based progress across most divisions, signaling a recovery of activity following the pandemic and a shift toward higher demand in workshop services for mechanics, driven in part by a aging vehicle fleet and ongoing constraints on new car production.
Despite pressures from rising costs and higher financing costs tied to the war in Ukraine, the organization managed to adjust expenses and maintain healthy margins. The year closed with a net profit of 4.3 million euros, representing a 4.52 percent increase on the previous period, underscoring effective cost control and revenue diversification across units.
Soledad Group operates as a diversified conglomerate with a portfolio of up to 37 companies. Its core activities center on tires and mechanics. Today the group stands as a leading distributor of tires in Spain, collaborating with nearly 300 brands and operating from facilities exceeding 100,000 square meters across 18 logistics hubs in the country.
The group also maintains several workshop networks, with notable growth in the comfortautomatic segment. It has built a European footprint with 750 service partners in Spain and Portugal and online operations in France and Germany. Additional arms include the Ecological Drive chain focused on recycled tire sales with 95 workshops, the Blaktire network with 800-plus stores, and the Fixcar network with hundreds of centers added in recent years. These networks together form a robust service ecosystem for vehicle maintenance and tire recycling across multiple markets.
International expansion includes operations in France, Portugal, and Morocco through its own subsidiaries, reflecting a strategy that blends circular economy practices with regional manufacturing and distribution capacity.
Another strategic milestone is the plan to invest 20 million dollars in Aspe to produce energy from unused tires. This move aligns with a broader push to convert waste tires into valuable energy sources and advanced materials, supporting sustainable growth and local job creation.
The holding company also owns several industrial entities dedicated to renewing tires and supplying critical components. Facilities include production lines for elastomeric materials used in infrastructure, as well as the manufacture of anti-recoil and acoustic plates used in park settings and tire processing for crushing and producing rubber granules for reuse. In addition to manufacturing, the group runs its own logistics company, an insurance brokerage, a technology arm, and even a travel agency, creating a diversified revenue mix that supports stability and long-term value. Overall employment reaches around 1,130 people, with the vast majority on permanent contracts, underscoring a commitment to steady, skilled workforce growth.
Notes: The figures and plans referenced above are reported by the group and its subsidiaries in official financial disclosures and corporate releases. Attribution: consolidated accounts and strategic initiatives are drawn from Grupeva SL filings and group communications with stakeholders.