Archives for January 17, 2011

January 17, 2011

GreyRoad Acquires Molecular Metallurgy, Inc

San Diego, California – 17 January 2011 –GreyRoad Ventures B.V. (GreyRoad) proudly announces the purchase of all assets of Molecular Metallurgy, Inc. (MMI) including its medical division Ion Fusion Surgical. The new company will continue its daily business activities under its new name, “Coating Services Group LLC” – (CSG). 

About Molecular Metallurgy Corporation
MMI was a privately held service coating company with its plant and offices at Lakeview, California.  MMI was a recognized leader in the area of specialty coatings holding several patents for medical devices, coating technologies and consumer products.  Through its medical division, Ion Fusion Surgical, MMI sold patented medical devices using its proprietary technologies.  MMI had provided products and services to several Fortune 500 companies. The Coating Services Group will continue to service all of MMI’s customers.

About GreyRoad Ventures
GreyRoad is a Venture Capital Company founded by Hans Sleeuwenhoek, with offices in San Marcos, California, United States and Bilthoven, the Netherlands. The Company focuses on Direct Marketing, Medical Device, IT and Telecom opportunities. In addition to financial assistance, GreyRoad actively supports its partner organizations to achieve their company goals. GreyRoad is staffed with an experienced group of goal oriented business specialists, managers and business entrepreneurs.

"The successful acquisition of MMI allows GreyRoad to build its presence in the U.S. medical and related coating markets. The propriety MMI technology will allow us to drastically grow our organization allowing us the opportunity to become market leaders in certain specified niches" said Jeff Grant, President and Chief Operating Officer of the Coating Services Group and former President of MMI.

About the transaction
Financial terms of the deal were not disclosed.