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

[Alfisti]

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

Please don't change a thing, 3M, unless its an improvement by Meguiar's chemists, not 3M's.

I second that!

[Wilco]

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

Look guys, for those worried, read this:
ocregister.com/articles/meguiar-car-company-2197526-crazy-product
(JUST ADD www. before the link above and paste it into your browser!!) -Mark Kleis


We can worry all we want, we can predict doubts and/or favourable times ahead, however, what we cant predict is God's will.

so lets end it at; this is something Barry and his team have always been waiting for. Now i dont mean to be a bible basher here, or want to cause any heated forum discussions, but these are the facts;

Meguiar runs his company on Proverbs 3: 5-6, "Trust in the Lord with all your heart and don't lean on your own understanding. In all your ways acknowledge Him and He will direct your paths."

thats exactly what happened with the 3M & Meguiar's deal, and we should be overjoyed by this outcome, not in commotion. 3M have been watching Meguiar's for 10years, and hey, awesome Barry is still the same Barry we know - President and CEO of his (and our's) beloved family company.

and plus, im getting excited to see the logistics of meguiar's products improve. im in australia and yes, im one of those car crazy dudes that pay $50 a bottle as mentioned in the article. Thus with this fact, meguiar's can only move forward in their global market of automotive products.

God Bless Barry Meguiar and his company, may you achieve many more milestones and successes at an international level.

[gb387]

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

I'm kind of saddened by this announcement.

I am as well but we will have to see how things work out!

[CharlesW]

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

I am as well but we will have to see how things work out!

Given the new products being introduced for 2009, I think your concerns may be unfounded.
It looks like 3M plans to continue the Meguiar's tradition.

[seth1066]

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

Look guys, for those worried, read this:
ocregister.com/articles/meguiar-car-company-2197526-crazy-product
(JUST ADD www. before the link above and paste it into your browser!!) -Mark Kleis

For the Doom & Gloom crowd, I think this quote from the article should help::

"[Barry] Meguiar is to remain president with a long-term contract and change nothing about the way the company makes, markets or sells its products. All 120 employees keep their jobs."

[Mike Phillips]

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

My recent favorite is...

"fear not"

Found a guy saying this in an old book...

[davey g-force]

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

Nice find Wilco

That's put my mind at ease along with (I dare say) many others here...

[gb387]

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

Wilco that is a good link to read, makes me feel better about the whole thing. Good to see it wasn't selling just to sell there was a reason behind it and thought put into it. Makes sense!!

[Wilco]

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

Meguiar's serves as consultant to most of the major carmakers around the world on paint quality and paint correction issues in their assembly plants and at the dealership level. In addition, Meguiar's often provides private label appearance car care products to car manufacturers to sell under their own name through their dealership parts departments.

LOL
Anyone know who those carmakers are?

[BigJoe09]

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

LOL
Anyone who those carmakers are?

Mercedes-Benz was one company that used to do that.

[Mike Phillips]

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

LOL
Anyone who those carmakers are?

[Wilco]

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

hehe
meant to say
"anyone know who those car markers car?"

[seth1066]

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

hehe
meant to say
"anyone know who those car markers car?"

I'm guessing the head scratch was, and I have the same question, what's the seemingly derisive "lol" for?

[Michael Stoops]

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

Let's dig out positive merger/partnership/acquirement examples where the buyee came out as overall winner or markedly improved company!

Other than that, I'm proud that I knew the true Meg's - but now something is irrepearably went wrong and lost.

I liken Meguiar's acquisition by 3M to Ferrari's acquisition by Fiat. Ferrari has become a much, much stronger company catering to high end automotive enthusiasts, are able to bring better cars to market faster and have seen profits rise enormously. And you don't find the switchgear from a Fiat Panda in a 599 GTB Fiorano or suspension parts from a Fiat 500 in a 430 Scuderia.

There are actually times when one company purchases another without killing it. 3M owns several smaller organizations that continue to operate as they did pre-acquisition, except they have been made stronger due to their relationship with 3M.

[Nappers]

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

I actually forgot that the merger took place as it seems that it's status quo for Meguiar's.....

That is until I got my recent Hot Rod and they mentioned the merger in their news section.

I'm at work but if memory serves, it was a decent article.

I think 3M will benefit from having Meguiar's chemists.... more so than Meguiar's having the rescources that 3M has.