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

[ZoranC]

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

ST. PAUL, Minn., Sep 08, 2008 (BUSINESS WIRE) -- 3M announced today it has entered into an agreement to acquire Meguiar's Inc., ...

Hey, I just noticed something, how come that David Bynon of Autopia posted this more than two hours before MOL did

http://www.autopia.org/forum/autopia-news/111283-3m-buys-meguiar-s.html#post1172287

?

And what is he talking about when he says we should expect pricing to go up in November by 10-15%

http://www.autopia.org/forum/autopia-news/111283-3m-buys-meguiar-s.html#post1172294

?

[acsuppa]

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

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.

I agree with your comment on the Pro Line. The only thing I hate is the high prices of the 3M Pro Line stuff. Like UltraFina for example. I saw the stuff from anywhere from $34-$40+. I get my Meguiar's Pro stuff for an averge price of arounf $20. Maybe your also right about Meguiar's being the "Consumer Line" Who knows.

[acsuppa]

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?

I don't think so. I've never used Edge pads or 3M pads but I've been using Meguiar's or years now. The Meguiar's are great IMO and I've heard really good things about the 3M pads and the Edge pads. I really don't see 3M getting rid of the Edge pads. Unless, they just bought the company to kill the compition.

[seth1066]

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!!

Who knows exactly what they'll do. They bought a strong worldwide brand name and paid big money for it, Barry is staying, etc. There are many possible scenarios. Here's one; they share all their technology and R&D with Meguiar's and give up the 3M compund/polish/wax business making it Meguiar's only.

[Joe's detailing]

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

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

[audionutmike]

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

Taking this a little personal aren't you?

Yep.

[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!!

[Alfisti]

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

Oh dear.

[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.

[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.

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?

[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.

[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.

[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

[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?