USA: Nestle USA moving headquarters to Virginia
International food company Nestle has announced that the headquarters of Nestle USA will be moved to Arlington County, Virginia from its current home in Glendale, California later this year.
According to Nestle USA, 75% of its factories and 85% of itstop customers are located in the eastern half of the United States, with 80% of its products are sold east of the Mississippi River. The new location is expected to allow Nestle USA to be closer to its business operations, customers and other important stakeholders.
"With the move, the company also demonstrates its leadership in responding to the rapid pace of change in the food industry with a new, more efficient structure and closer proximity to the bulk of its business and stakeholders", the company said.
Nestle USA said it expected to bring about 750 jobs to the Washington, DC area as a result of transition, moving its technical & production organization and supply chain teams to join the Nestle Prepared Foods, Pizza, Baking and Professional businesses in Solon, Ohio.