ALPHA PRO TECH Business Summary

Alpha Pro Tech Ltd (APT) operates a high-margin manufacturing and distribution model, generating revenue through the sale of specialized protective products across two primary business segments: Building Supply and Disposable Protective Apparel (DPA). The Building Supply segment, which accounted for approximately 62% of fiscal 2024 revenue, focuses on construction weatherization products including housewrap, synthetic roof underlayment, and self-adhered flashing. The DPA segment provides infection control and cleanroom solutions such as shoe covers, lab coats, and face masks for the medical, pharmaceutical, and industrial sectors. APT maintains a niche market position by offering differentiated, high-value proprietary brands like Rex Wrap® and AlphaTec®, competing directly with industry giants such as Kimberly-Clark, Cardinal Health, and specialized building product firms like Benjamin Obdyke and Ft Synthetics. As of early 2026, the company continues to leverage its strong balance sheet and zero-debt position to expand its market share in the self-adhered roofing and commercial construction categories. The company is led by a deeply tenured executive team with an average tenure exceeding 25 years. Lloyd Hoffman, who joined the firm in 1991 and has served as CEO since 2016 and President since 2017, oversees strategic direction following the legacy of late co-founder Alexander W. Millar. Colleen McDonald, a veteran of the company since 1995, serves as Chief Financial Officer, while Danny Montgomery, Senior Vice President of Manufacturing and Building Products, has led production operations since his previous company, Ludan Corp, was acquired by APT in 1994. The leadership is supported by a seasoned Board of Directors, including Donna Millar and independent directors such as David Garcia and Dr. John Ritota. Notable institutional backing includes Needham Investment Management, which reported a 6.2% beneficial ownership stake as of February 2026, signaling continued investor confidence in the company’s micro-cap value and operational stability.