3M Buys Meguiar's - Page 4

Len_A · 09-09-08, 08:12

Quote:

Originally Posted by danponjican

If this has the predicted effect of raising prices on the core products for 3M and Megs, this could have a positive outcome on the smaller boutique brands many of us love. They may become a greater value.

That could be true, only up to a point. It depends whether the combined market share of 3M and Meguiar's goes down after any projected price increase. If it doesn't, then the boutique brands could view it as the breathing room needed for a price increase.

You have to keep in mind that a seller will try to charge the highest price the market can bear. If consolidating competitors causes a small price increase without a corresponding drop in sales, then the rest of the market could see that as a sign that they can raise prices to a certain degree.

John Styrnol · 09-09-08, 08:36

WHOA! Never thought this would happen.

DavidB · 09-09-08, 08:42

Quote:

Originally Posted by Len_A

That could be true, only up to a point. It depends whether the combined market share of 3M and Meguiar's goes down after any projected price increase. If it doesn't, then the boutique brands could view it as the breathing room needed for a price increase.

I'm not sure where this notion of a price increase as a result of the 3M buy-out came from. Meguiar's traditionally increases their prices in November with the introduction of new products at SEMA. The cost of petrol going up, up, up is the major factor in prices increasing. We will see it across the board, not just with Meguiar's.

the other pc · 09-09-08, 08:59

Quote:

Originally Posted by Mr.Concours

Anyone know the country of origin for 3M?

Here's a hint; 3M is short for Minnesota Mining and Manufacturing.

PC.

Bradbmx1 · 09-09-08, 09:26

I don't think that its a bad move for Meg's.

3M seems to be a pretty successful and responsible company.
Just like everything else in the world today, we should probably see a slight price increase.

smoknfastlegend · 09-09-08, 10:54

Im sure many of the Meg's products we know and love wont be removed. Megs just released the g110, though competition to flex and UDM, it is a machine that could be marketed better (and because its ease of use compared to a rotary could prove beneficial if 3m is willing to market it in mass market stores.) Also my local pbe recommended that I dont use 3m polish with a PC do to the fact that 3m polish was designed for rotary use (though im not too sure on how accurate this is.) If it is true, 3m could make a killing off of keeping a DA branded polish that could essentially become "consumer" level.