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Trasteel to Go Public via Sizzle II Business Combination

Announced
ManufacturingGoing Private

Deal Overview

Trasteel Holding S.A. will go public through a business combination with Sizzle Acquisition Corp. II to form a new global steel trading and industrial public holding company (Pubco). Upon closing, Trasteel and Sizzle II will become wholly owned subsidiaries of Pubco, which is intended to list on Nasdaq under the symbol TSTL.

The closing is expected by the end of 2026, subject to Trasteel and Sizzle II shareholder approvals and customary closing conditions. Trasteel, headquartered in Lugano (Switzerland) and Luxembourg, was formed in 2009 and operates trading and industrial transformation activities across more than 60 countries, with industrial transformation and trading each representing about 50% of sales.

Key Details

Transaction
Sizzle Acquisition Corp II acquires Trasteel Holding
Deal Size
Over $100M

Filed under

Source

Read full article on globenewswire.com

via GlobeNewswire — Financials · April 13, 2026

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