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Block Drug plant consolidation expected to produce $25 mil. in annual cost savings.

This article was originally published in The Rose Sheet

Executive Summary

BLOCK DRUG PLANT CONSOLIDATION EXPECTED TO PRODUCE $25 MIL. in annual cost savings, the Jersey City, N.J.-based company said. Block Drug announced Feb. 5 it will close six of its 12 production facilities in various parts of the world over the next three years, resulting in a reduction of 400 employees, or approximately 12% of its worldwide workforce. The company said its savings will be reinvested in new products, acquisitions and geographic market expansion. Block Drug personal care products include the Sensodyne toothpaste brand and Lava soap.
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