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Will Katerra's Factory Start Building Again?

Deidre Woollard, The Motley Fool
·3-min read

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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