GlaxoSmithKline
This article was originally published in The Tan Sheet
Executive Summary
Block Drug headquarters in Jersey City, N.J. to be retained following completion of acquisition by GSK; HQ and nearby distribution center together employ 900 of Block's 3,000 workers. Other details regarding possible restructuring of Block remain undecided, GSK notes Jan. 16, the day the acquisition formally was completed. According to GSK, deal makes it the third-largest consumer health care firm and number two oral care products marketer in the world