NEWS RELEASE - 3M to Acquire Meguiar's, Inc.

[Mike Pennington]

Re: NEWS RELEASE - 3M to Acquire Meguiar's, Inc.

Great

The most important point, sounds like he is taking care of you by supplying the right products, service & training

Mike

[Erik Mejia]

Re: NEWS RELEASE - 3M to Acquire Meguiar's, Inc.

I can't say that I'm not saddened by this news.
I loved the fact that my favorite car care company was a family based tradition, with strong ties to it's customers, and who brought the highest quality products to the masses. I enjoyed, and learned so much from the Meguiar's employees who have as much passion for this hobby as I do. Hopefully the weekend classes, and open garages don't go anywhere. I really enjoy driving out to Irvine and hanging out with others who also share the car passion. I really feel like I made some friends out there. I hope this acquisition won't take away all the fun and excitment which is brought to us by people like the three Mikes.

I guess I won't complain too much, as long as the current and future Meguiar's products continue to uphold the GOLD STANDARD which I have been accustomed to from a company which always has the interests of their customers first. Good luck to all the employees of Meg's, hope to see you all soon.

[J. A. Michaels]

Re: NEWS RELEASE - 3M to Acquire Meguiar's, Inc.

I am now one of a open mind. I guess I took the news pretty hard at first. I hope and prayer that all my fears are unfounded. If it is a great deal according to the Meguiars employees I have come to trust over the years. Then I am all for it.

[cryogenic419]

Re: NEWS RELEASE - 3M to Acquire Meguiar's, Inc.

It kind of makes sense for a company like 3M to want to aquire Meguiar's. Why compete when you can own or partner them? 3M knows Meg's has a dedicated following of enthusiasts. If I'm not mistaken, 3M makes some body shop items and only a small handful of consumer type items. They don't seem to cover the entire spectrum from prepping to painting to detailing and basic washing waxing. This is where Meguiar's comes into play. A successful company evaluates the market and their product line and sees a giant hole, they try to fill that void.

Sure both companies may make some similar products, but you need to take into account brand loyalty. Say both 3M and Meg's both make their own version of "magic polishing goo x" but both versions sell extremely well. If its making money why mess with a good thing?

On the flipside though some companies figure consolidate and keep the cash rolling in either way. For some of these duplicate products I can see them evaluating which one sells more, which one has a higher profit margin and going with that. I could be wrong and only the head honchos really know what the plans are.

This merger/aquisition could be extremely beneficial for both companies. I am sure they both use similiar chemicals and components in their products. Together they have more purchasing power. What about R&D? Meg's has some talented people working for them as does 3M. Together the amount of research dollars and technology at their disposal could elevate car care to a whole new level.

Some things I can realistically see happening. Meg's products maintaining their brand identity, but a 3M logo somewhere on the bottle or packaging.
Probably combined warehousing for all their products as well as shipping. Cross company product development. We all love and use that blue painters tape, would it be so shocking if they came out with a tape specifically geared towards auto detailing?

I am hopeful the only changes we'll see are for the better.

[mb911]

Re: NEWS RELEASE - 3M to Acquire Meguiar's, Inc.

Wow. I somehow missed this until today. How sad. I had such a great love affair with Meguiar's products the past year. Why when I finally discover the best this happens?

I know I sound like I'm being a jerk and everything, but it was so amazing how this company had survived. I have spent over $1,000 in the past year on Meguiar's as just a regular consumer, and I was so proud to spend every dollar of it.

It sure is scary to think about the more distant future.

[chessplayer]

Re: NEWS RELEASE - 3M to Acquire Meguiar's, Inc.

i hope all work out well for thee employees as well for the consumer

[mb911]

Re: NEWS RELEASE - 3M to Acquire Meguiar's, Inc.

I'm really still in disbelief myself. To have survived as long as it did on its own, it's so sad it had to end now. I wrote one of the bosses at 3m division that is taking over. He wrote me back and claimed they know how important what Meguiar's does is, but still. There is just other factors, when someone else owns you in my opinion.

[ih8civx]

Re: NEWS RELEASE - 3M to Acquire Meguiar's, Inc.

Im worried..

[angeloabbattista]

Re: NEWS RELEASE - 3M to Acquire Meguiar's, Inc.

Well if it's anything like 3M in Australia we're in trouble. For the last three years whenever you click on this Australia 3M Automotive Catalogue you get the same apology page.
I called 3M customer service and advised that was happening and was advised the site was being updated and you be finished shortly. 3 years on and it's still the same ..... you reckon I'm worried

Also to add to this 3M Customer service took my details and assured me they would send out the hardcopy version of the catalogue............. still waiting, Now I know the postal service can be a bit slow but 3 years

[davey g-force]

Re: NEWS RELEASE - 3M to Acquire Meguiar's, Inc.

^^Wow, that really IS a worry...

[Bert31]

Re: NEWS RELEASE - 3M to Acquire Meguiar's, Inc.

No offense taken

Not sure what a Mirror Glaze Franshisee is ?? We do not have those ?

Could they be a re-seller / Dist of our products ?

Mike

Actually, you are correct, he is a distributor, not a franchise. However, if you were to look at the sign above the door, you could see how it could be mistaken for a corporate owned or franchised store, it is something like this:

B&H Distributors, Proud Distributors of

MIRROR GLAZE

Unless you walk right up to the door, you cannot even see the B&H Distributors..... part, it is tiny. You can see the MIRROR GLAZE part a block down the street though. I asked the owner about it and he said originally the store was called Mirror Glaze Distributors but back in the mid 70's Meguiars asked him to chage the name which is understandable.

[Pocket_Aces]

Re: NEWS RELEASE - 3M to Acquire Meguiar's, Inc.

I just heard of this today. I am surprise how far Meguiar's has come to actually be enough "competition" for 3M to take note and put out the money to incorporate them. Again I hope there isn't much change to Meguiar's, its employees or this site. Only time will tell though. I can say though I do like 3M's quality and I use alot of their products.

[boogiejoe]

Re: NEWS RELEASE - 3M to Acquire Meguiar's, Inc.

Not all mergers are bad. In fact there are a lot of mergers that you never hear about and nothing ever changes. Example: Whirlpool, Kitchen Aid, Jenn Air, and I think Maytag are all the same company now. Electrolux owns Frigidaire. So just because a small company is bought out, it doesn't mean bad things are going to happen. I own a little bit of 3M stock so I get their annual report, plus I have read articles about them in magazines like Fortune and Forbes and they seem to be a pretty solid company. They are big into R&D and in the past, I don't know about now, required their engineers to spend at least 8 hours a week working on developing new products. This could be on an individual basis or as a team effort. So hopefully this will continue at Meguiar's and things will only get better. Besides, since I am a stock holder maybe I can get a discount on Meg's products.

Dave

In this buyout Hoover, which was bought out by Maytag earlier, had to close down operations completely. They moved everything away to the new headquarters. Hoover was a company much like Meguiar's. It was a large local business with a huge interest in the community. It is now closed and all of the jobs have been taken away. The company was about 100 years old, but none of that matters now.
Business is business, nothing else. If you take a personal interest in a company you will only be disappointed. It's the price of progress sometimes. Meguiar's will slowly fade away just like the others before.
I'm sitting in a building that was one of the largest rubber manufacturers in the world. Now it is a massive complex of empty warehouses converted into office space.

Anybody remember Oakland or Fisher? I hope the current employees are protected without suffering any job loss.

[seth1066]

Re: NEWS RELEASE - 3M to Acquire Meguiar's, Inc.

In this buyout Hoover, which was bought out by Maytag earlier, had to close down operations completely. They moved everything away to the new headquarters. Hoover was a company much like Meguiar's. It was a large local business with a huge interest in the community. It is now closed and all of the jobs have been taken away. The company was about 100 years old, but none of that matters now.
Business is business, nothing else. If you take a personal interest in a company you will only be disappointed. It's the price of progress sometimes. Meguiar's will slowly fade away just like the others before.
I'm sitting in a building that was one of the largest rubber manufacturers in the world. Now it is a massive complex of empty warehouses converted into office space.

Anybody remember Oakland or Fisher? I hope the current employees are protected without suffering any job loss.

Hoover hasn't quite faded away; from their website:

"Today, Hoover is part of TTI Floor Care North America, headquartered in Glenwillow, OH. As a leader in the floor-care industry, Hoover manufactures quality, high-performance vacuum cleaners for home and commercial settings."

"Hoover has manufacturing operations in North Canton, Ohio, in El Paso, Texas, and in Juarez, Mexico, and administrative offices in Newton, Iowa."

BTW, part of TTI's family makes a rather nice polisher (Milwaukee).

[hotrodpt]

Re: NEWS RELEASE - 3M to Acquire Meguiar's, Inc.

I am sorry to see my favorite company go from family owned to big-time Corporate America owned. It was probably inevitable, but I trust Meguiar's scientists a whole lot more to make the BEST products instead of a large corporation who is run by bean counters. I have a Meguiar's banner in my garage, and lots of product in my cabinets. I have a BLACK pickup that keeps its shine thanks to NXT. NXT is the greatest. Please don't change a thing, 3M, unless its an improvement by Meguiar's chemists, not 3M's.