Complex sentence: It is manufactured by Procter & Gamble, which acquired the brand in 1990 from Shulton, Inc. Shulton, Inc., the original producer of Old Spice, was founded in 1934 by William Lightfoot Schultz.
Split into simpler sentences: It is manufactured by Procter & Gamble, which acquired the brand in 1990 from the Shulton Company. Shulton Company, original producer of Old Spice, was founded in 1934 by William Lightfoot Schultz.