When negotiating the terms of a M&A transaction, it is not only important to detail the price, terms and conditions to closing, but also the post-closing rights and obligations of the parties. Considering the benefits for both parties of a holdback escrow should be part of those negotiations.
1950: Hobery changed its name to Charmin Paper Company and continued to produce bath tissue, paper napkins, and other paper products. Charmin releases a toilet paper television commercial featuring the Delta Queen.
P&G enters the paper product industry with the acquisition of Charmin Paper Mills, and Pampers are brought to the test market. The original Charmin âfamilyâ included paper towels, facial tissue and bath tissue, however; P&G discontinued all but bath tissue for their product market.