On Thursday, Costco said it would be spending $100 million to buy a $10 billion contract to deliver toilet paper to Costco stores in the United States, where the store chain’s products are sold.
The move comes as the company has been hit by a wave of hurricanes that have battered Puerto Rico and the U.S. Virgin Islands, killing hundreds of people and destroying much of the island’s infrastructure.
“The Costco purchase will enable us to further expand our presence in the market,” Costco Chief Executive Officer Dave Thomas said in a statement.
“Costco is a leader in the marketplace and our customers are our top priority.
We are excited about our opportunity to offer more value to our customers.”
Costa Rica’s President has announced plans to raise the country’s debt ceiling, which could cause a surge in the cost of toilet paper.
Costa Rica is one of the countries hardest hit by the hurricanes.
Costa Rican President Alejandro García Padilla announced that he was seeking a $50 billion emergency fund to assist the country as it rebuilds.
“I am not saying this is a cure-all for the situation,” Padilla said, “but this is the way forward.”
Costa Rican Prime Minister José Roberto López Obrador said the country has $10.7 billion in debt and needs $60 billion to rebuild.