The Stephan Co. (Stephan) is engaged in the manufacture, sale and distribution of hair care and personal care products at both the wholesale and retail level. The Company operates in two segments: Distributors and Brands. The Distributors segment generally consists of a customer base of distributors that purchase the Company's hair care products and beauty and barber supplies for sale to salons, barbershops and beauty schools. The customer base for its Brands segment is comprised of mass merchandisers, chain drug stores and supermarkets that sell hair care and other personal care products directly to the end user and distributors that sell to retailers. The Company also sells its products to distributors in Europe and Asia.