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STERIS Corp. Executive Used to Working With Private Capital

By Mike Hudson

STERIS is a world leader in sustainable solutions to infection control.

Ronald Ruggiero III is no stranger to big business, high finance or what it takes to get things done. As senior global accounts director for the STERIS Corp., a high tech medical supply company that does business all over the world, Ruggiero has been there and done that.

And, unlike Buffalo welfare king Mark Hamister, Ruggiero is used to working with private capital in the private sector. He holds an engineering degree from SUNY Buffalo, has worked for STERIS for the past 22 years and - although the corporation isn’t involved in his current bid for the downtown property known as Parcel 4 much of Ruggiero’s business acumen comes from his longstanding association with STERIS.

The Mentor, Ohio-based STERIS Corp. is a global leader in infection prevention, contamination control, surgical and critical care technologies. The company is the world’s pre-eminent infection prevention, decontamination, and surgical and critical care company, with a long list of first-to-market products and industry-leading service innovations and thousands of customers in more than 60 countries.

While the corporation was founded as Innovative Medical Technologies back in 1985 and renamed STERIS in 1987, it’s rich history dates back to 1894 with the founding of American Sterilizer Company, a long-time, global leading innovator of sterilization products.

Today, through a series of strategic acquisitions and continual innovation of new products, STERIS holds one of the broadest portfolios of products in the industry. It stands at the forefront of efforts to prevent infection and contamination in health care and pharmaceutical environments, and is broadening its reach with products to meet the needs of defense and industrial markets.

STERIS is a publicly traded corporation listed on NASDAQ, and Ruggiero and the rest of the company’s management team are answerable every day to investors large and small. According to the Dividend Channel website, the company has not missed a dividend payment since 2005, as far back as the website’s records go.

While Hamister has made a comfortable living over the past 30 years sucking at the government teat with his nursing homes and failed sports franchises, Ruggiero has been out in the real world, making real money for real investors.

Dyster and his “new look” City Council majority would give away the store to Hamister for a pittance. Ask yourself why, and then ask yourself whether or not the city should take a look at what Ruggiero has to offer.

 

 

Niagara Falls Reporter - Publisher Frank Parlato Jr. www.niagarafallsreporter.com

AUG 27, 2013