Since Ron Ricotta took the reins at Century Mold Co. Inc. in July 2002, the Rochester, N.Y., company has more than tripled in size, growing both organically and via acquisition.
Founded in 1979, the firm last year acquired Rochester-based Monroe Tool and Die Co. Since 2005, the 700-employee injection molder of under-the-hood automotive parts has added three plants — in Monroe, Ohio; Chihuahua, Mexico, and a joint-venture facility in Hengli, China. These operations, combined with the firm's existing plants in New York and Tennessee, will generate annual sales in excess of $90 million.
In addition to Century Mold, Ricotta is co-CEO of Parlec Inc., a $30 million manufacturing company of proprietary tooling and tool-measuring products sold through 600 distributors throughout North America, Europe and China. He also is a co-founder and a current director of E-chx Inc., a national payroll processing company.
Prior to joining Century Mold, Ricotta was chairman and CEO of Nationwide Precision Products, a $70 million, 400-employee contract manufacturing company. Before entering manufacturing, Ricotta was a practicing certified public accountant from 1979-92. In his last six years in public accounting he was a partner in Rochester's largest CPA firm.
He graduated in 1979 Rochester Institute of Technology with a bachelor's degree in business administration, majoring in accounting. He recently received the Distinguished Alumni Award from RIT's E. Philip Saunders College of Business.