The ABC Bullion and Palloys Group of companies have merged under a new holding company called Pallion. The merger between ABC Bullion, an independent retail bullion provider and precious metals refiner, and Palloys, the jewellery-related precious metal services group, will create the largest precious metals services group in Australia. Newly appointed Pallion CEO Andrew Cochineas said “the merger is consistent with a mutual desire to provide a premium service, quality and value proposition to our clients”.
“Over the years, we have been developing Australia’s best team of metallurgists, chemists and jewellery experts to provide the best overall service in the industry,” he said.
“The aim of Pallion is to give our clients the benefit of our combined expertise in casting, CAD/CAM, custom jewellery and findings production, precious metal refining and bullion distribution,” he said.
“We see ourselves as our clients’ business partners and our team is committed to that partnership.”
Cochineas said Pallion clients will get the competitive advantage of dealing directly with a manufacturer at every step along the value chain, from wholesale precious metal refining and jewellery production to retail bullion sale.
“The added benefit now is that our expanded size and corporate strength gives our clients unrivalled security coupled with an ability to offer financial options tailored to suit their individual situation.”
Pallion is based in Sydney, with manufacturing facilities in Australia, Hong Kong (SAR) and mainland China. Distribution offices are located in Sydney, Melbourne, Brisbane,
Perth, Hong Kong (SAR) and mainland China.