The Stephan Co. is a distributor of barber, beauty, and personal care items. The Company operates through Master Distributor as well as Distributors of barber and beauty supplies for professionals and consumer’s segment. Its Master Distributor segment consists of sales to distributors, schools, correctional institutions and supply stores. Its Distributor segment consist of sales to the barber and beauty professionals for use in the barbershops and salons as well as consumers and end users through various marketplaces. The Company conducts its business as a network of specialized distributors, including Williamsport Bowman Barber Supply, Morris Flamingo, MD Barber Supply, Norva Barber Supply, and 614 Barber Supply. Williamsport Bowman Barber Supply is a wholesale barber distributor selling third party and branded products directly to barbershops. Morris Flamingo is a two-step wholesale distributor selling primarily its branded barber products to other barber distributors.