Industry News

Katerra Suddenly Shuts Down

Mass timber giant Katerra, Menlo Park, Ca., is abruptly shuttering its operations. Founded in 2015, the CLT manufacturing and construction firm had raised about $2 billion from investors.

Mass timber giant Katerra, Menlo Park, Ca., is abruptly shuttering its operations.

Founded in 2015, the CLT manufacturing and construction firm had raised about $2 billion from investors.

The company is said to have begun issuing notice that it will be pulling out of ongoing construction projects and closing its operations across the country, including a CLT manufacturing plant in Spokane, Wa., and roughly 10 branch offices across the country, from Centennial, Co., to Jersey City, N.J.

526 Media Group

Publisher of two monthly magazines for LBM dealers and distributors—The Merchant Magazine, founded in 1922 to serve the western U.S., and Building Products Digest, formed in 1982 to serve east of the Rockies.

Join the discussion

Please Login to comment