Waste Connections Inc. in Folsom relocates to Texas | Business
FOLSOM, CA - Waste Connections, Inc. today announced plans to relocate its corporate headquarters to The Woodlands, Texas. The Company expects the relocation to commence before year-end 2011 and be completed by September 2012.
"Our expanding geographic reach and expected continuing growth required us to make an objective assessment of the appropriate location for our corporate headquarters. The Woodlands offers our employees an attractive, lower cost, and more centrally located community well serviced by two major airports," said Ronald J. Mittelstaedt, Chairman and Chief Executive Officer. "Every corporate employee has been offered the opportunity to relocate, and almost all are expected to move."
Mr. Mittelstaedt continued, "We will be forever grateful to our many friends and supporters across California, and we remain committed to continuing our corporate and employee-led philanthropic support within the local communities where we operate."
The Company expects to incur an estimated $15 million of costs during 2012 related to personnel and office relocation expenses. In addition, the Company may incur a loss in 2012 on its existing corporate office lease.
Waste Connections, Inc. is an integrated solid waste services company that provides solid waste collection, transfer, disposal and recycling services in mostly exclusive and secondary markets. The Company serves more than two million residential, commercial and industrial customers from a network of operations in 29 states. The Company also provides intermodal services for the movement of containers in the Pacific Northwest. Waste Connections, Inc. was founded in September 1997 and is currently headquartered in Folsom, California.
Courtesy: Worhing Jackman, Waste Connections, Inc.