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

[acsuppa]

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

They have that EdgeAdapter which is a pretty neat concept. That would be great if 3M had Megs produce a pad that used that system; talk about getting the pad on absolute dead center!

Yeah! That is why I was interested in the Edge Pads a while back but I just stuck with my trusty Meguiar's pads.

[Michael Stoops]

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

But, my main concern is for all our great friends who work for Meguiars. Hopefully their jobs will be secure. I'd say one of the best things about MOL is the relationships that have happened while discussing our favorite subject.

Thanks for that, Bob, and to all the rest of you who responded in kind.

The guys from 3M have been here for a couple of days and of course presented at our meeting yesterday morning. Barry was, naturally, very adamant that any partner he may take on would have to fully "get" us. 3M is acutely aware of the success of the Meguiar's brand and freely admit to "being in awe" of what Meguiar's has done with relatively limited resources. They have witnessed first hand the level of customer loyalty Meguiar's enjoys, even coming right out and saying they've never seen anything like it in the past. Ever. Not even close.

While not every detail has been 100% defined (and even if it were, well, some things are not for public consumption, you know?) the basic gist is this: 3M knows that to mess with the brand is a bad thing - they're here to infuse the resources necessary to grow Meguiar's into a global force, and to do it far more quickly than Meguiar's ever could on its own. This is an intelligent and savvy group. Exciting times ahead.

[seth1066]

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

It is not about two hours. I just find it (insert the best word here as I am missing one) that one of Meguiar's "competitors" (business wise and community wise) is informed well ahead of Meguiar's one.

The press release from 3M was put out on Monday at 1:00 PM. Autopia announced it at 3:15 PM.

[ZoranC]

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

David is quite well connected in Irvine. Perhaps Mike Pennington had more pressing issues on his plate. Really, two hours is no big deal...

It is not about two hours. I just find it (insert the best word here as I am missing one) that one of Meguiar's "competitors" (business wise and community wise) is informed well ahead of Meguiar's one.

Our local Distributor has been 'warning' of an upcoming increase for at least 6 weeks. Almost everything is petroleum-based, and you know the price of gas! Valvoline/Car Brite has already announced an overall 15% increase.

http://www.autopia.org/forum/autopia...ml#post1172294

Thank you for the clarification.

[newdetailingguy]

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

speculation or not it's still a sad day seeing a family owned business that has come so far and made such amazing leaps in the automotive industry sell out...... Part of the appeal for me is the family owned in touch with costumers service that Megs provides....Buying out a company makes a statement and that is, increase revenue that is their (3M's) priority. i personally will attempt to purchase as many products i can before the deal closes just because the POSSIBILITY products and service will change is there! No one but 3M at this point can tell us what ACTUAL changes will occur so basically anything that Meg's employees "know" might not be the case come actual merger day. Sad sad day we can only pray that your jobs and our products still are the same come the months to follow the closing of the deal

[J. A. Michaels]

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

All this speculation about what will happen is certainly interesting as there may be impacts to us as consumers.

But, my main concern is for all our great friends who work for Meguiars. Hopefully their jobs will be secure. I'd say one of the best things about MOL is the relationships that have happened while discussing our favorite subject.

Thats putting it in the proper perspective. I hope everything is status quo for the great people at Meguiars.

[Hemin8r]

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

+1 Amen!

[ZoranC]

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

All this speculation about what will happen is certainly interesting as there may be impacts to us as consumers.

But, my main concern is for all our great friends who work for Meguiars. Hopefully their jobs will be secure. I'd say one of the best things about MOL is the relationships that have happened while discussing our favorite subject.

+1 Amen!

[Z701]

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

Wow, the rumors are flying already! I would guess this aquisition is going to be a good thing all around. Meg's will keep their current lines under the same name. Both R&D teams will produce even better products for us to use. We will have the correct system of products to do the job fast and right from Meg's, 3M and Edge now that they are not competing with each other.

[RDVT4ME]

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

All this speculation about what will happen is certainly interesting as there may be impacts to us as consumers.

But, my main concern is for all our great friends who work for Meguiars. Hopefully their jobs will be secure. I'd say one of the best things about MOL is the relationships that have happened while discussing our favorite subject.

[Bert31]

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.

Many companies sell similar items which theoretically compete against one another. They are just trying to match a product with different tastes.

I am not saying the theory I stated was my prediction, just agreeing with a former poster that not all mergers are bad. Too early to tell with this one. Though I do feel that the odds are that I won't care for this merger for some reason. Oh well, it is not like there are not plenty of other good detailing suppliers.

[Jimmy Buffit]

Re: NEWS RELEASE - 3M 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

David is quite well connected in Irvine. Perhaps Mike Pennington had more pressing issues on his plate. Really, two hours is no big deal...

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

Our local Distributor has been 'warning' of an upcoming increase for at least 6 weeks. Almost everything is petroleum-based, and you know the price of gas! Valvoline/Car Brite has already announced an overall 15% increase.

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

?

Jim

[The Doctor detailer]

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

I hope since 3M is a worldwide company, it will be reflected in meguiars international prices. Because per example #21 sinthetic sealant costs in meguiars Mexico over 100 dls.

[imacarnut]

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

i hope this is a new chapter for megs in a new direction and will help bring even more success. i'm sure things won't change and if they do, it will be only for the better. i would like to add the wonderful service i've received from megs all these years, and would like to Thank these 3 individuals (jorge, brian, tim), you guys rock!

[seth1066]

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

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.

They have that EdgeAdapter which is a pretty neat concept. That would be great if 3M had Megs produce a pad that used that system; talk about getting the pad on absolute dead center!