OCT. 23–NOGALES, AZ–Alpha Pro Tech Ltd., a manufacturer of disposable and limited-use protective apparel for the cleanroom, medical, food and other markets, has repurchased $500,000 worth of shares in its own common stock.
This round of purchases follows three previous $500,000 buyback programs that have been authorized by Alpha’s board of directors since December 1999. In all instances, the company is retiring the shares.
“The stock repurchase program is an investment is an investment in the company’s future,” says Al Millar, president of Alpha Pro Tech. “The board of directors’ decision to extend the program reflects the confidence that it has in the company as we continue through 2002.”