NaturalNano, Inc. (NNAN) to Acquire Chrome Plating Services Company MJ Enterprises
NaturalNano, engaged in the development and commercialization of material additives based on proprietary nanomaterial technology, has agreed to acquire 100 percent ownership of MJ Enterprises LLC, dba General Silver Plating LLC, a provider of chrome plating services for products used in the automobile and household appliance industries. "This acquisition is important to NNAN and its shareholders for two reasons,” NNAN CEO Jim Wemett stated in the news release. “First, it brings into NNAN a business with a very attractive and loyal customer base with the opportunity to grow the base plating business significantly. Second, it enables NNAN to work with…