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.
As a luxury item, only royalty had access to toilet paper. The paper was made in 2 ft x 3-ft sheets. The Bureau of Imperial Supplies began producing 720,000 sheets of toilet tissue per year. 1400-1600: In Renaissance Europe, paper was in high demand by the educated and elite society.