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SmithKline Beecham

This article was originally published in The Tan Sheet

Executive Summary

Will consolidate majority of its U.K. R&D activities at a 40- acre site in Harlow, Essex that is adjacent to an existing SB R&D facility. The deal to buy the former British Petroleum maritime HQ site in Harlow means SB will reduce its U.K. R&D facilities from seven to three and provides the company with an opportunity to merge into one R&D site, if desired. SB is projecting "significant cost savings" from the move. Most non-lab groups will be moved to Harlow by the third quarter of 1994, SB said.
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