Alpha Pro Tech Ltd. acquires balance of Ludan Corp.; Chicopee National rollout of Chix(R) Aqua Trak Black(TM) set for August 1.SALT LAKE CITY--(BUSINESS WIRE)--July 1, 1996--Alpha Pro Tech Ltd. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :APTD APTD Aid to the Permanently and Totally Disabled APTD Army Personnel Transformation Directorate APTD Appointed ), today announced its acquisition of the remaining 20% of Ludan Corp., thereby giving it 100% ownership. This move is in anticipation of expected near-term major sales increases in its food service, clean room and healthcare areas. These expectations are based in part on the company being informed by Chicopee Inc. that it will officially launch its North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. roll-out of the Chix(R) Aqua Trak Black(TM), Alpha's food service industry shoe cover, on Aug. 1, 1996. On April 9, 1996 the company announced a potential $26 million three-year exclusive distribution agreement with Chicopee. The company is already experiencing major sales growth in its Apparel division in both the clean room/industrial and the healthcare areas. The outstanding interest in Ludan was acquired for $68,000 in cash and stock options for 75,000 shares at the current market price. Danny Montgomery, the founder the president of Ludan, will continue to serve as president of what will now become the Coating Division of Alpha Pro Tech, where he developed Alpha's patented laminate for its Aqua Trak(TM) shoe covers for the clean room and food service areas. He also helped engineer Alpha's second generation patented automated shoe cover machine -- the most efficient and least expensive production method available. Montgomery's great expertise will now be utilized across Alpha Pro Tech Ltd.'s other divisions as well. Alpha Pro Tech develops, manufactures and markets innovative disposable protective apparel products for the medical, dental, food service and clean room markets. The company has manufacturing facilities in Salt Lake City, Utah For ships of the United States Navy of the same name, see . Salt Lake City is the capital and the most populous city of the U.S. state of Utah. The name of the city is often shortened to Salt Lake, or its initials, S.L.C. ; Nogales Nogales (nōgä`lās), city (1990 pop. 19,489), Santa Cruz co., S Ariz. on the Mexican border with its adjacent city, Nogales (1990 pop. 105,873), Sonora, NW Mexico. There are copper, silver, and lead mines. , Ariz.; Janesville, Wisc.; Valdosta, Ga.; and Benjamin Hill and Nogales, Mexico. CONTACT: Alpha Pro Tech Ltd. Donna Millar, 905/479-0654 or KCSA KCSA Krannert Center Student Association KCSA Kentucky Crushed Stone Association (Frankfort, KY) KCSA Kyiv City State Administration KCSA Kalamazoo Christian School Association KCSA Kentucky-Canadian Studies Association Paul Holm/Adam I. Friedman, 212/682-6300, ext. 201/205 |
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