STERIS CORPORATION COMPLETES ACQUISITION OF MICRODIMENSIONS, INC.
MENTOR, Ohio, Jan. 5 /PRNewswire/ -- STERIS Corporation (NASDAQ: STRL) today announced the completion of the acquisition of MicroDimensions, Inc., a closely held engineering and manufacturing company headquartered in Mentor, Ohio. A letter of intent to acquire the company was previously reported. Terms were not disclosed. Bill R. Sanford, STERIS's Chairman, President, and CEO, stated, "The acquisition of MicroDimensions strengthens our ability to accelerate product development while expanding production capacity to meet increasing customer demand for STERIS products. MicroDimensions has been a major provider of product development and manufacturing services to STERIS for over four years. The talent and capabilities of MicroDimensions' engineering, manufacturing, and support organization are quite complementary with those of the STERIS work force." Mr. Sanford continued, "MicroDimensions will operate as a wholly owned subsidiary and will be a key component of STERIS's new Engineering/Manufacturing Business Group. Bruce R. Knox, 37, former President and majority shareholder of MicroDimensions, has been named a STERIS Vice President and President of the Engineering/Manufacturing Business Group." STERIS Corporation develops, manufactures, and markets sterile processing and infection prevention systems and related consumables and accessories for the healthcare market. -0- 1/5/94 /CONTACT: Michael A. Keresman, III, Senior Vice President and CFO, of STERIS Corporation, 216-354-2600/ (STRL)
CO: STERIS Corporation; MicroDimensions, Inc. ST: Ohio IN: MTC SU: TNM
KL-CM -- CL010 -- 9322 01/05/94 11:52 EST
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|Date:||Jan 5, 1994|
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