Volumetric Building Companies Receives Bankruptcy Court Approval To Purchase Katerra's Tracy, CA Assets
PHILADELPHIA, Aug. 4, 2021 /PRNewswire/ -- Volumetric Building Companies (VBC), announced today that the company has received approval from the United States Bankruptcy Court for the Southern District of Texas (Houston Division) to purchase Katerra, Inc. assets, including the lease and tenant improvement of their state-of-the-art manufacturing facility and offices in Tracy, CA.
- PHILADELPHIA, Aug. 4, 2021 /PRNewswire/ -- Volumetric Building Companies (VBC), announced today that the company has received approval from the United States Bankruptcy Court for the Southern District of Texas (Houston Division) to purchase Katerra, Inc. assets, including the lease and tenant improvement of their state-of-the-art manufacturing facility and offices in Tracy, CA.
- Katerra filed for bankruptcy protection on June 6, 2021 and the transaction is part of a court supervised sale of its assets.
- The 577,000 square foot Tracy, CA factory, which opened in 2019, is a highly automated production facility designed for the manufacturing of building components, including wall panels, floor systems, roof trusses, windows, cabinets and countertops.
- Volumetric Building Companies is a volumetric modular business headquartered in Philadelphia, PA that is building the future of housing by integrating technology, architecture, logistics, manufacturing and construction into a single offering to produce multifamily housing solutions in less time at a greater return.