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

[acsuppa]

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

Wow! I just find out and I'm shocked. Well, at least it is 3M and not a crappy company. I've been hearing a lot of good things over the years about 3M Pro products. maybe now I can give a few a try and not feel guilty. ha Ha.

[Bence]

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.

[100kdown]

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

Over my 30+ year corporate career(s), I've had the dubious honor of surviving 3 buyouts. In all cases, the buyer stated that "No changes will be made" and "(fill in the blank) will continue as a wholly owned subsidiary of (fill in the blank)". In all cases, within 6 months, the consolidation of people, facilities and products began. Unnecessary duplication was eliminated. Products deemed "unprofitable" by the buyer were discontinued. That's business, folks.

I suspect 3M, being a profit (shareholder) driven organization, will follow this path. One thing we can be sure of, if the deal goes through, is that there will be changes. Hopefully for the good, but only time will tell.

[Sydster]

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

One thing that is going to go for sure is the Detailer line, that is just my opinion thou.

[VonLego]

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

Very nervous...

[Woodie6250]

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

I am very disappointed at this news. It might make a lot of sense from an economic and business perspective, but whatever big business say about customers and customer service, their only concern is keeping the shareholders happy.

I really hope that I'm wrong, but I've been through too many company restructures in my career that have demonstrated that profit always trumps the customer in big business.

[zergling]

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

One of the vendors that I work very closely with was recently taken over by a rather big international company. Boy, that acquisition has become a big pain in the butt for me as an system admin, and my department, as a customer. Not to mention they announced that pricing will go up as high as 25% (no kidding).

I'm seriously hoping that this 3M Meg deal will be nothing like that.

[PaintPolisher]

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

Yikes!

Number ONE rule to remember – rumors will run amok!

Best of luck to all.

al

[PERFECTION]

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

Since were talking about 3m they have also aquired Edge Pads company. I talked with Aaron the owner and he said the same thing Megs is saying that 3m is leaving everything in place including him but bought everything.
I think there gearing up to take over the industry.

[Heatgain]

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

Congrats to Meguiar's!
Bad for us the consumers, I think. $40.00 for a pint of Ultrafina...hope the same doesn't happen to Meguiar's stuff.
Hope I'm wrong.

[thejazzguy]

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

I am sorry to hear this news. Everything changes after a buyout like this. Everything changes. And rarely are these changes good, either for the consumer or for the employees of the formerly family-owned company. But such is business. Time will tell.

Sadly, this is my experience as well....

[akimel]

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

Now I know why I couldn't get through to the consumer office today to place an order. The message said that everyone was at a special staff meeting.

I am sorry to hear this news. Everything changes after a buyout like this. Everything changes. And rarely are these changes good, either for the consumer or for the employees of the formerly family-owned company. But such is business. Time will tell.

[LacViet]

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

WOW! What can I say? I have mix feeling about this acquisition.
I'm excited by the news of combining Meguiar's with 3M because I know together, they will develop some crazy products for car enthusiasts, but on the other hand, small company bought out by big corp. is never a good thing for the small one. It means that some of the products from Meguiar's will be discontinue due to duplicate product line from 3M, consolidate facilities and possible cut employees. Hope all the best for Meguiar's!

[davey g-force]

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

I'm not so sure about this. I hope it all goes well and Meguiars products stay great for us consumers.

I have a bad feeling that the passion, philosophy and commitment behind a family owned company will be lost to a greedy corporate giant.

[RamAirV1]

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

To Mike and Mike, better buy some warm clothes for those visits to the corporate office in the Twin Cities................

BTW 3M is very regimented, and are very big on the suit and tie thing for it's employees.

It will be an adjustment for sure.

RamAirV1