Pallion designs, manufactures, and distributes precious metal products and related services. It is the largest precious metal services group in Australasia. Pallion is the result of the merger of the ABC Bullion and Palloys Group of companies founded in 1972 and 1951 respectively. The group maintains its headquarters in Sydney NSW Australia and is a wholly privately owned group of companies with manufacturing facilities and offices in Sydney, Melbourne, Brisbane and Perth in Australia, Hong Kong (SAR) and mainland China. Pallion comprises six entities: ABC Bullion, ABC Refinery, Palloys, Goldenage International, Custodian Vaults, and WJ Sanders. These provide the following services: bullion; refining & minting; casting & custom jewellery; fabricated metals; wedding rings & electroplating; findings; goldsmithing & silversmithing and vaulting. Timeline Beginnings Palloys commenced operations as Palloys Refining Co in 1951, in Woollahra Sydney New South Wales Australia. The business was the brainchild of Felix Parry (Felix Pisarewski) a Polish war hero who arrived in Australia as a refugee after the second world war. At its inception, Palloys Refining Co's business was solely related to the refining of precious metals sourced from the jewellery and dental industries. In 1952, Palloys Refining Co entered into an agreement with Matthey Garrett. Pursuant to that agreement, Palloys Refining Co changed the focus of its business to the casting of jewellery and dental components utilising the lost wax method. It also changed its name to Palloys. In return, Matthey Garrett agreed to provide bulk precious metal refining services to Palloys. By 1955, Palloys was servicing burgeoning post war jewellery demand across Australia, New Zealand and Hong Kong. To cater to this increased global demand, Palloys Hong Kong commenced operations in 1962 in joint venture with Wheelock Marden Limited, now part of Wheelock & Co Limited. Palloys Hong Kong was the first company engaged in the casting of precious metals in Hong Kong. External investment and diversification In 1965, a 25% interest in Palloys was acquired by Wieland Edeinmetalle GMBH (now part of the Saxonia Franke Group). To this day, Palloys is the exclusive Australian distributor of Wieland Plating Products. In 1986 interests associated with the Kay family acquired the remaining 75% interest in Palloys. In 1972, Australian Bullion Company (NSW) Pty Limited commenced operation as a distributor of bullion products throughout Australia. It now trades under the name ABC Bullion, a brand which is of one of the cornerstones of the Australian gold