The Stephan Co. (OTCPK:SPCO) acquired Appleton Barber Supply for $0.77 million on August 15, 2022. The purchase price for Appleton's business was $769,000 and included the purchase of $419,000 of Appleton's inventory. No liabilities were assumed in the asset purchase. SPCO's acquisition of Appleton's business assets was financed with cash on hand as well as a new bank Financing. Appleton generates approximately $1.2 million of annual revenue.

The Stephan Co. (OTCPK:SPCO) completed the acquisition of Appleton Barber Supply on August 15, 2022.