3M Buys Meguiar's

[LangMan37]

Originally Posted by Furyous

That all remains to be seen. Those details really haven't come down the pipeline yet. The only thing that is clear is that Meguiar's will continue to function as a separate entity, competing with 3M and with Berry as the President and CEO.

for some reason it sounds like you seem to have info no one else has.
How so??

[Lumadar]

Originally Posted by LangMan37

for some reason it sounds like you seem to have info no one else has.
How so??

Haha, hardly. Meguiar's has a thread on MOL in which those exact words were used.

Bottom line: At the very least right now Meguiar's plans FULLY to continue operating as if they were before the purchase, with the merger only offering potential for growth. Now, obviously only time will tell if that is true or not, but that is what Meguiar's is telling us.

[Jon P. Nusbaum]

I have some knowledge of 3m"s business practices. When they buy a companies, they have in the past brought them into their marketing group. Close out all indepentant distributors and market thru their own group. Bottom line, no more commercial sales thru automotive wholesale firms, and body shop supply shops. They like total control. There will be no wholesalers, they want all the money. They have done this time and time again.

[Lumadar]

Originally Posted by Jon P. Nusbaum

I have some knowledge of 3m"s business practices. When they buy a companies, they have in the past brought them into their marketing group. Close out all indepentant distributors and market thru their own group. Bottom line, no more commercial sales thru automotive wholesale firms, and body shop supply shops. They like total control. There will be no wholesalers, they want all the money. They have done this time and time again.

That could be totally true, but the terms of this deal stipulated that Meguiar's is not to be changed in terms of how it is run. It was explicitly stated as a contingent factor in the deal.

3M also didn't buy Meguiar's just to eliminate a competitor- they did it to strengthen their presence in the industry by broadening their horizons. Meguiar's has successfully done what 3M has NOT- marketed and sold their products in MASSIVE quantities to the average consumer. 3M tends to cater to the industrial side of the industry in body shops, where as Meguiar's thrives with the average car owner shopping at their local PBE stores.

Of course only time will tell, but I can see 3M leaving Meguiar's mostly alone in this case.

[99blackSE]

Wow I've been gone from the boards for too long, had no idea they bought out Edge, nevermind Megs. Let's hope for the best.

[RisBMW]

Originally Posted by Jon P. Nusbaum

I\When they buy a companies, they have in the past brought them into their marketing group. Close out all indepentant distributors and market thru their own group. Bottom line, no more commercial sales thru automotive wholesale firms, and body shop supply shops. They like total control. There will be no wholesalers, they want all the money. They have done this time and time again.

Maybe historically for auto supplies... but not on homegrown things like 'Post-it Notes'- plenty of retail outlets for those.

Originally Posted by TortoiseAWD

What if they go after Mars candy and M&M's?
Tort

How about Mars goes after Wrigley?? -- Oh wasn't that today?

[BigAl3]

after giving this some more thought and how bad the economy is, i hope many of the employees at meguiars (irvine HQ's) aren't effected by this sooner or later. there are some really nice people over there...

[BigAl3]

BTW... i was at my local detail supply shop and talked about this to one of the guys, in which he knew of it a looong time ago. of course we won't really know about it, but 3M has purchased alot more than just megs & edge...

[Alfisti]

Originally Posted by BigAl3

BTW... i was at my local detail supply shop and talked about this to one of the guys, in which he knew of it a looong time ago. of course we won't really know about it, but 3M has purchased alot more than just megs & edge...

Go on............?

[jdoria]

2 lucky bastids....
Barry Maguire and Aaron from the Edge. I just sold a business a few months before the credit implosion and it was better than sxx. Now Im relaxing and waiting for the next thing I want to do or NOT.