Waste Connections Inc. has announced plans to relocate its corporate headquarters from Folsom, Calif., to The Woodlands, Texas. The company expects the relocation to start before the end of 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,” Ronald Mittelstaedt, Waste Connections chairman and CEO, says. “Every corporate employee has been offered the opportunity to relocate, and almost all are expected to move.”
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 serves more than 2 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.
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