We can quickly begin production in the next 60 days.” “With the infrastructure already in place at the facility from a prior modular company, we were also drawn to the fact that we wouldn’t be starting from scratch. “The decision to make Berwick our newest factory location came after a detailed look at the strategic, logistical and environmental benefits of a central location to some of the country’s most populated metros,” said Buckley. ![]() Buckley declined to share the cost of the acquisition. The new presence in Berwick puts VBC within half a day’s drive to these major cities. “There is a critical need to increase housing availability in high-density urban areas where we’re seeing soaring rental prices and complaints of poor quality due to stop-and-go construction and supply chain issues during the pandemic,” said Buckley in the release.īuckley pinpointed Berwick, Pennsylvania as a prime location to serve dense urban markets in the northeast, such as Philadelphia, New York and Washington, D.C. That’s largely due to expensive rent prices and lack of affordable housing in the multifamily sector. ![]() ![]() Multifamily markets are the largest and fastest growing segment of the modular industry, growing from 7% production in 2019 to nearly 21% in 2020, according to the 2021 Modular Building Institute annual report on modular construction. VBC merged with Poland-based steel modular builder Polcom in early 2022 and also purchased Katerra’s assets in Tracy, California for $21.25 million last year.
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