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

[seth1066]

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

I have been a Meguiar's user for a long time and really enjoy their products. I am not sure about this whole 3M thing but I do know one thing, if their prices go up one penny I will definately find me another car care supplier for my vehicles. Hey Mr. Chip Foose do you need a hand waxing that car?

Prices fluctuate for a lot of different reasons, how will you know which one?

[CowboyTruckn]

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

If one or two products go up that is understandable. Most retailers can even absorb some mark up and put it off as long as they can before they mark theirs up. But when all the products go up, at the same time, that would make anybody wonder. I don't know about everywhere else but our gas prices are dropping like a rock now and I have noticed a lot of our prices at grocers and retails are dropping with them. So it can't be blamed on gas prices now.

[seth1066]

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

If one or two products go up that is understandable. Most retailers can even absorb some mark up and put it off as long as they can before they mark theirs up. But when all the products go up, at the same time, that would make anybody wonder. I don't know about everywhere else but our gas prices are dropping like a rock now and I have noticed a lot of our prices at grocers and retails are dropping with them. So it can't be blamed on gas prices now.

Prices are generally set at or near what the market will bear. That said, there is the supply/demand aspect to be applied as well. It's hard to get $3.75 per when the station across the street is at $3.63. Gas is a commodity, Meguiar's products are not to all. A large high volume commercial autobody shop may be very sensitive to price and their demand for any one compound supplier is elastic. One theory is that 3M will control two large supply sources and hence raise prices. However, this opens the door for another company to try and gain a foothold via price.

If any prices change it may or may not be because of 3M, the market economics are just too complex. Generally, the idea is to keep the prices low as possible in a competitive market to keep others out.

[TKDDAD]

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

That's funny!

I am personally excited about the news. 3M is a fantastic company who is very philanthropic and has a long history just as Meguiar's does. They have complete respect for us as we have competed against them for many many years.

Certainly 3M knows a little about this business. Their name is synonomous with great products and innovation. I think if we saw Meg's being bought up by Turtle Wax, there would be reason to cringe. I too have been through some really bad acquisitions where companies are only focused on bottom line results. It's business. In this case, I think it will mean better things to come. I would like to think that the loyal forum members would get some advance notice on product discontinuations. And......... MAYBE NOW WE CAN GET T-SHIRTS !?!?!?

[BlueZero]

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

Minnesota Mining and Manufacturing = 3M
Meguiar's = M

3M + M = 4M

That get's my vote for the new company name... 4M

Just teasing, I hope the name doesn't change.

Maybe they will bring back the brush line? Or give us 4" soft buff pads?

[dvtldav]

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

Sadly, there's no way a profit driven company can resist the temptation to eliminate "duplicate functions" to "streamline operations."

If this is true, then why does GM have a 3.4L, 3.5L, & a 3.6L V-6 in their engine line? Why not have just one and avoid duplication? Of course that may be why GM is in the shape they are financially right now.

Dave

[MGDanny]

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

It doesn´t feel good this 3M buying Meguiar´s. I can´t understand how Barry could sell to a company like 3M who probably don´t give a f... about the soul of Meguiar´s..I´m very sad today!!!
I really hope all the wonderful Meguiar´s products will remain on the market.

[acsuppa]

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

I hope things don't change too much. They will I'm sure. Just a matter of time. It would be great if things stayed the same but how could they? They are not going to make duplicate of almost everything. Pads, cleaners etc. I read that 3M also bought one of the big well known pad makers.

[seth1066]

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

What if 3M took Megs pad R&D and technology and transferred it to the just acquired pad manufacturer? Would that diminish the quality and technology of the pads?

[Bert31]

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

Not all mergers are bad.

This is true. Brown Forman Corp. owns numerous wineries and several distilleries. When BF buys a new winery or distillery, it is generally not to change the winery or distillery but BF is betting that if they can get this wine or spirit into their very large distribution network, they can get that wine or spirit on the shelf of a lot of stores that originally would not have considered carrying that wine or spirit and therefore sales of that product increase greatly making BF's investment very wise.

In the case of 3M and Meguiars, I wonder if it is the same idea but in the opposite direction. 3M's products are very commonly found in commercial areas (bodyshops, professional detailers, etc.) but not so much on the shelf of your neighborhood autoparts store. Meguiars on the other hand is found at just about every autoparts store, Walmart, etc.. Maybe 3M is trying to piggie back Meguiars distribution network to get their products on more shelves at stores.

[seth1066]

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

This is true. Brown Forman Corp. owns numerous wineries and several distilleries. When BF buys a new winery or distillery, it is generally not to change the winery or distillery but BF is betting that if they can get this wine or spirit into their very large distribution network, they can get that wine or spirit on the shelf of a lot of stores that originally would not have considered carrying that wine or spirit and therefore sales of that product increase greatly making BF's investment very wise.

In the case of 3M and Meguiars, I wonder if it is the same idea but in the opposite direction. 3M's products are very commonly found in commercial areas (bodyshops, professional detailers, etc.) but not so much on the shelf of your neighborhood autoparts store. Meguiars on the other hand is found at just about every autoparts store, Walmart, etc.. Maybe 3M is trying to piggie back Meguiars distribution network to get their products on more shelves at stores.

That wouldn't work, imo. 3M would be competing with their own, already profitable, Meg products. BTW, I saw some 3M wax and cleaner/wax at WalMart last night. I'm guessing that they can't continue to produce competing dual product lines under two different brand names, even if the product is not the same. What might make sense is Meguiar's does all consumer products and 3M does all professional products or most likely, some combination thereof.

[Alfisti]

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

Oh dear.

[miahjohn]

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

i gotta say i am in the boat with doubts. i would hate to see 3M wipe out meguiars products that i buy at say wal mart or to rebadge all the pro line products. better stock up now!!

[audionutmike]

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

Taking this a little personal aren't you?

Yep.

[Joe's detailing]

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

Nothing lasts forever, even family owned sells out, it's inevitable...