Tuesday, June 18, 2019

Vaughan Buckley Construction Opens Modular Factory in North Carolina

VBC | Manufacturing - Hamlet, a producer of modular building components for the construction industry, will open a manufacturing facility in Richmond County, North Carolina, creating 130 new jobs, The company, a division of the Volumetric Building Companies (VBC), will invest more than $12 million in the former Ritz Craft factory in Hamlet within the next three years.

VBC manufactures modular modules that are used in the multi-family residential, student housing, and hospitality construction markets. Volumetric modular construction is a fast-growing segment of the construction trade that streamlines the process of building by integrating design, engineering, construction and management into an off-site, vertically integrated supply chain.

The company will operate a facility previously run by Ritz-Craft Corporation. The new plant will produce ‘volumes,’ a term used to describe modular units used for high density residential construction. VBC will enhance the plant’s current capabilities with investments in the plant building, its workforce, and new technology.

“Getting the opportunity to grow with an existing group of dedicated workers, to create the factory of the future together, is an amazing opportunity,” said Vaughan Buckley, VBC’s owner and President. “Having these resources in place allows our company to simultaneously focus on its core values, while also looking towards the future of this factory and the industry as a whole.”

VBC’s site location decision creates new opportunities for production personnel, logistics handlers, and office staff. Although wages will vary by position, the average salary for all the new positions will reach $39,270. The current average wage in Richmond County is $34,008.

The VBC project in Richmond County will be facilitated, in part, by a Job Development Investment Grant (JDIG) approved by the state’s Economic Investment Committee earlier today.

The grant was formally awarded to JB Hamlet, LLC, a corporation wholly owned by Vaughan Buckley and other investors which will operate using the company name VBC | Manufacturing – Hamlet. Over the course of the 12-year term of this grant, the project will grow the state’s economy by an estimated $252 million. Using a formula that takes into account the new tax revenues generated by the new jobs, the JDIG agreement authorizes the potential reimbursement to the company of up to $2,179,000, spread over 12 years.

VBC’s JDIG agreement calls for the company to invest $12,750,000 in the project and also ensures that 70 existing jobs from the prior operation are retained.


Coach said...

Vaughan, Peg and I wish you the very best in your ever-expanding business. You are a great example of how modular construction can be used to grow and flourish in the construction industry.

Harris - Finish Werks said...
This comment has been removed by the author.
Harris - Finish Werks said...

Here here, Gary. Watching Buckley grow is like watching a Formula One race. Only faster. And nobody crashes, and everyone wins.

Unknown said...

Do you have a contact name and number for the company?

Unknown said...

Do you have a contact number for the new company. Ritz craft number is always busy. please contact me at modularsbypepper@gmail.com