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

As availability of design materials and their fees continue to be risky, Philadelphia-based modular builder Volumetric Setting up Organizations created a transfer to the West Coastline to make certain its clients there proceed to be served.

The corporation ordered Katerra’s assets in Tracy, California, which include its condition-of-the-artwork producing facility (demonstrated above), for $21.twenty five million in August. VBC will use the facility to manufacture windows, cabinetry, counter tops, trusses and panelized making elements.

Katerra submitted for bankruptcy in June due to delayed jobs, design fees, pandemic-connected impacts and an incapability to encourage builders and contractors to transfer away from their standard subcontractors.

Listed here, Development Dive talks with VBC CEO Vaughan Buckley to focus on why the corporation obtained Katerra’s assets, how the corporation is positioning itself to mitigate source chain problems and where he sees the modular sector heading.

The next has been edited for brevity and

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