‘Unprecedented’ Drop in Scrap Prices Plays big in Best Buy Complaint Against Jaco, Recycler Says

The “unprecedented and prolonged drop in scrap prices over the past year” figures prominently in Best Buy’s breach of contract complaint alleging its appliances recycler Jaco Environmental has failed to pay the retailer hundreds of thousands of dollars it owes in fees for hauling away and recycling discarded refrigerators and freezers (see 1508180060),Jaco President Michael Jacobsen emailed us Wednesday. Best Buy and Jaco “have been in the process of renegotiating appropriate pricing schedules for the markets we serve,” Jacobsen said. “We anticipate a fair and final resolution in the near future."