Modular builder CEO: ‘Katerra’s failure was spectacular’

(Photo via VBC Facebook)

By Sebastian Obando | Construction Dive

As availability of construction materials and their costs remain volatile, Philadelphia-based modular builder Volumetric Building Companies made a move to the West Coast to ensure its customers there continue to be served.

The company purchased Katerra’s assets in Tracy, California, including its state-of-the-art manufacturing facility (shown above), for $21.25 million in August. VBC will use the facility to manufacture windows, cabinetry, countertops, trusses and panelized building components.

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