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Will Katerra's Factory Start Building Again?

·3-min read
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WeWork's initial public offering (IPO) flameout arguably owns the title for SoftBank's most famous failure, but this year's announcement that modular construction company Katerra filed for Chapter 11 bankruptcy might run a close second. Volumetric Building Companies (VBC) will purchase Katerra's facility in Tracy, California, for $21.25 million. The 577,000 square foot factory was designed to pump out pre-built components such as wall panels and floor systems.

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