Steel Products
June 6, 2018
Why I Sold Steel Market Update to the CRU Group
Written by John Packard
This is not a “kiss and tell story” but rather an explanation of why I, John Packard, founder and former owner of Steel Market Update, decided to sell my business to the CRU Group. CRU, known globally for its news, analysis and pricing information, was not the only suitor interested in SMU, but they were the logical fit.
I decided to sell SMU not for personal monetary gain, but for the benefit of SMU’s customers. I think this is one of the reasons why SMU has grown over the years. We care about our customers and understand their need for quality information as only someone like me who sold steel for 30 years could.
