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

[RacerX88]

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

I wish the two companies all the luck in the world. Whatever 3M paid for MEGS they got a deal! The intellectual property alone is worth Billions!

My questions:

- Is Megs to remain an independent operating entity?
- Will Megs chemists, admin/sales/support staff all join 3M?
- What of the two product lines? Currently, 3M and Megs both serve the enthusiast/consumer markets. However, looking at retail store shelves Megs seems to have slightly more presence.
- Will we get re-badged 3M product at retail?

3M is a HUGE company...isn't it going to be pretty hard to keep Megs from getting lost?

[ZoranC]

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

Whoa!

[kellyinkc]

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

whoa!

+1!

[yalerd]

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

This could be a great thing. More heads to think about new products and research but again it can go downhill.

I hope everything goes well, and I think it will because I know Mr. Barry Meguiar won't destroy this legendary company

[Jokeman]

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

Wow. Mix up the 3M chemists and the Meguiars chemists and the products they could create would be unreal. 3M makes great stuff like Extra Cut, Fast Cut(UK) and Ultrafina.

[theamcguy]

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

So, is this a strategic alliance between both companies?

That's what they said when Daimler bought Chrysler and we all know how that turned. Once Chrysler the most profitable of all US car companies was reduced to also ran status is now looking to sell Viper (then Jeep, then Ram) to raise quick cash before the new owners split. I am going to say one thing nobody buys anything unless they see some money in it. When a company takes over another company changes will happen. They will not duplicate efforts. Meguiars will be around that's for sure (the brand name is worth plenty) but expect changes in product line-up (marginal products or products that directly compete with 3M will be eliminated) Meguiars will become the retail line while 3M will be the professional line-up. 3M has never made inroads at the retail level while their professional products in the body shop do quite well. Now they have a retail name brand but they will fold the professional products into the 3M line.

[seth1066]

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

3M sells a huge amount of similar type product, I don't use it often, but it is pretty good stuff and has a big commercial autobody shop following. I'm guessing the integration of the two developmental departments as well as exchange of current product information is going to be very good for the entire spectrum of consumers, pro detailers and body shops.

[Mike Pennington]

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

Wow. Mix up the 3M chemists and the Meguiars chemists and the products they could create would be unreal. 3M makes great stuff like Extra Cut, Fast Cut(UK) and Ultrafina.

[kellyinkc]

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

Usually, being the buyer is better than being the buyee.
I hope for the best for Meguiars.

Kelly

[SjMike]

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

I have a bad feeling about this. I hope I'm wrong.

[RacerX88]

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

Now that Megs has entered into an agreement official announcements and comments on the acquisition (I think) ought to be pretty quiet for the time being.

[RacerX88]

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

"3M shares rose $1.60, or 2.3 percent, to $70.79 in afternoon trading."
Someone is showing some confidence in the deal.

[TimG]

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

shocking news indeed. Hope everything goes well at the office. I've been through many corporate takeovers and/or SA, and had seen the good and the bad from them.

Do please keep us(esp loyalist) posted.


Tim

[seth1066]

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

Just think of the money they will save on Post-Its.

[Sydster]

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

I really do hope everything goes well. I'd hate to see a good thing change after so many years.

I really hope it goes well.