Bisalloy Steel Group Limited


Initial investment date: January 2009

Company Description

Based in Unanderra, NSW, Bisalloy is Australia’s only manufacturer of high tensile, abrasion resistant and armour grade quench & tempered (Q&T) steel plates. Bisalloy manufactures and distributes from its facility in Unanderra. It sells its products through a network of distributors throughout Australia, and internationally through its distribution subsidiaries in Thailand and Indonesia.

In July 2011 the company entered into a joint venture with Jinan Iron & Steel for the production and sale of Bisalloy-branded Q&T plate in China.  Bisalloy is listed on the Australian Securities Exchange under the ticker BIS.

Investment Overview

The investment in Bisalloy was made through an underwritten rights issue and subsequent private placement, and is considered a special situations investment. Berkland & Company’s shareholding in Bisalloy equates to 16.0% of the total shares outstanding.  Phil Cave is Chairman of the Board of Directors.