3M Buys Meguiar`s

[wannafbody]

3m probably bought them for their OTC product line. Walmart, Autozone, PepBoys etc. sells a lot of Megs.

[rwisejr]

Looks like 3M is buying up their main competitors . Hope this ain`t the old buy and squash the competition routine.

[imported_shine]

Didn`t see this coming!

[Holden_C04]

I don`t know what to make of this.

[backwoods_lex]

Why are the prices going to increase 10-15%? I`m not very business minded.

[heatgain]

I`m afraid I see the future. Higher Meguiar`s prices coming down the pike, maybe even 100% increase.

Presently - $15.00 a pint for Meg`s #80, $40.00 a pint for Ultrafina. Oh, this doesn`t bode well for us.

[PorscheGuy997]

Yeah, I sense that prices are about to go up big time...







Guess who`s buying a gallon of M105.

[wannafbody]

Looks like 3M is buying up their main competitors . Hope this ain`t the old buy and squash the competition routine.

3m will buy Chemical Guys next.

[Mr.Concours]

Anyone know the country of origin for 3M?

[StealHrt]

French maybe?

[imported_Totoland Mach]

I worked for a small electronics company that through the brainless management got itself bought and sold twice. Our new owners - Eaton Corp - started off all nice and everything and it soon became apparant that they were just in it for the money. They`re changed our software to the point we`re two steps backward, they got rid of seasoned field engineers and sales staff - that would later join our competitors and reduce our profits in several large markets. THe thing I hate about them is the "we`re Eaton - we do it this way, forget you and how you use to do it" Yeah buddy, going from 44% profit on service to under 10, yeah, you know what you`re doing - *******es!



Lets hope Megs does better!

Same here JuneBug: I worked for Harley-Davidson Motor Co when AMF acquired them....it was a mess! AMF/H-D had the worst quality record during that time period because the parent company only looked at motorcycle shipments to dealers. It was ugly.



I think of 3M as a corporate giant that will provide a worldwide market for the Meguiar`s line and I`m sure there will be "issues" along the way. Time will tell. I talked to a 3M rep a while back and he said that 3M`s products go 80% body shop, 20% consumer market while Meguiar`s has 80% consumer market and 20% body shop. We will probably see that mix change.



Toto

[Lenny]

Anyone know the country of origin for 3M?

French maybe?

ROFLMAO!! Good Jezus Freakin` Krist - don`t they teach anything about history and economics in school these days?!?!?!



3M got it`s name from the companies original name: Minnesota Mining and Manufacturing Company.:usa - based in St. Paul, Minnesota



NYSE Stock Symbol MMM - Here`s a link -Link Here



I knew there was a reason I didn`t frequent here much anymore....

[wannafbody]

Looks like 3M is buying up their main competitors . Hope this ain`t the old buy and squash the competition routine.

It`s probably the "if you can`t beat them join them" philosophy. That was a strategy that Sears has used for years. Except in most cases Sears ran those companies into the ground and then sold them.

[imported_paradigm]

ROFLMAO!! Good Jezus Freakin` Krist - don`t they teach anything about history and economics in school these days?!?!?!



3M got it`s name from the companies original name: Minnesota Mining and Manufacturing Company.:usa - based in St. Paul, Minnesota



NYSE Stock Symbol MMM - Here`s a link -Link Here



I knew there was a reason I didn`t frequent here much anymore....

very helpful post with a great attitude. i didn`t realize history class included mid-sized corporate history as well.

[imported_weekendwarrior]

Well, they would be foolish to take Meguiar`s out of Southern Cal...that has to be the greatest car market in the country. But, typically with these scenarios, "duplicate" facilities and personnel are eliminated.