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May 31, 2023 REAL ESTATE

Stratford plant will be state-of-the-art redemption center

PHOTO | COSTAR 1805 Stratford Ave., Stratford
By Hanna Snyder Gambini

A 1950s manufacturing plant in Stratford has been sold for more than $2 million to the owner of a New York-based can and bottle recycling operation who plans to expand into Connecticut.

Ten Cent Holdings LLC and principal Conrad Cutler bought property at 1805-1855 Stratford Ave., on May 10 from Stratford Ave LLC and principal Julie Scap for $2.35 million in an all cash, off-market deal, Cutler said.

The properties include a 24,000-square-foot facility at 1805 Stratford Ave., and a 6,900-square-foot warehouse at 1855 Stratford Ave.

The plant was the home of Ra Lalli Co., an aerospace-industry metals fabricator that was acquired in 2022 by Valley Tool and Manufacturing LLC, which now operates a manufacturing facility in Milford.

Cutler is the founder and president of Galvanize Group, which collects and recycles cans and bottles. The company also deals in commercial real estate, commercial laundry facilities and logistics and transportation, according to its website.

The new Stratford operation will be called Returnable Container Management LLC, with Cutler at the helm. 

The facility will be designed and equipped as a state-of-the-art central processing plant of cans and bottles for the entire state, “using new technology that is currently not being utilized,” Cutler said. 

It will support the CT Bottle Bill, which increases the redemption value of bottles and cans from $.05 to $.10 in 2024. He is also eyeing future expansion into the eastern and western areas of Connecticut.

Cutler said the Stratford plant should be operational by the fall, creating 30 new jobs.

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