Katerra’s Tracy assets purchased by VBS
11 Aug 2021
Volumetric Building Companies (VBC), announced 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, Calif. 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, Calif. 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. The newly built offices and showrooms include 50,000 square feet of custom fit-out and furnishings, conference rooms, model display areas and office suites.