3M to Aquire Meguiar's, Inc.

[michaeld0983]

Mao tau aja respon dan pendapat temen2 penggemar produk megs. 3m baru saja membeli edge dan meguiars.

Quote dari Mike Pennington di MOL

ST. PAUL, Minn., Sep 08, 2008 (BUSINESS WIRE) -- 3M announced today it has entered into an agreement to acquire Meguiar's Inc., the 100-year-old family business that manufactures the leading Meguiar's brand of car care products for cleaning and protecting automotive surfaces. Terms of the transaction were not disclosed.

Meguiar's brings its renowned products and proud history--from its beginnings providing Mirror Glaze polishes and waxes for professional use to today's top-of-the-line products for everyone dedicated to maintaining a brilliant finish on their vehicles--to 3M's range of automotive aftermarket products. Meguiar's products include waxes, polishes, cleaners, conditioners and protectants for the automotive and marine markets.

"The addition of Meguiar's builds on our professional offering for the automotive industry and brings the expertise of Barry Meguiar in the growing enthusiast market for car care products," said Ian Hardgrove, vice president, 3M Automotive Aftermarket Division. "Together, Meguiar's and 3M will collaborate to deliver even more innovative high performance products for enthusiasts around the world."

Car enthusiasts know Meguiar's not only for its products but also for its presence at thousands of car shows across the country featuring every type of collector car from hot rods and muscle cars to exotic sports cars to vintage classics. Through Meguiar's internationally syndicated, multimedia broadcasting network, people with a passion for cars can experience major automotive events and the latest collector car hobby news.

"Combining with 3M will greatly enhance our ability to serve and support Car Crazy people on a global basis," said Barry Meguiar, president and CEO, Meguiar's Inc. "We are excited about the opportunity to grow our business by joining forces with one of the world's great global companies--working together to increase our support of the car hobby worldwide."

3M's Automotive Aftermarket Division provides a comprehensive line of 3M products for auto body repair professionals and auto enthusiasts. Products include abrasives and accessories, performance cleaning products, waxes, masking tapes, panel bonding adhesives, general adhesives coatings and sealers, paint finishing polishes and compounds, and paint application systems. Complementary acquisitions such as this support 3M's growth strategy to strengthen its core businesses and expand into adjacent markets.
Meguiar's is headquartered in Irvine, Calif., and employs approximately 115 people. The transaction is expected to be completed in the fourth quarter subject to customary closing conditions, including regulatory approvals.
Sawaya Segalas & Co., LLC acted as exclusive financial advisor to Meguiar's Inc.

About Meguiar's Inc.
For over 100 years, Meguiar's Inc. has been providing Car Crazy people with specialized state-of-the-art formulations for making the appearance of cars "show car perfect." Chosen by 20 out of 24 "Best of Class" winners at the 2008 Pebble Beach Concours d'Elegance, Meguiar's provides highly specialized products for every automotive surface, including paint, wheels, tires, and interiors. As part of its passionate support for the car hobby, Meguiar's sponsors more than 11,000 car shows globally and produces Meguiar's Car Crazy Television and Radio that represent car enthusiasts worldwide.

About 3M
A recognized leader in research and development, 3M produces thousands of innovative products for dozens of diverse markets. 3M's core strength is applying its more than 40 distinct technology platforms -- often in combination -- to a wide array of customer needs. With $24 billion in sales, 3M employs 79,000 people worldwide and has operations in more than 60 countries. For more information, visit www.3M.com.

__________________________________________________ _______________

Here are a few points to take away from this announcment...

- Barry Meguiar will continue to lead the company with his PASSION and the legacy of Meguiar’s will continue with even more support for the car hobby & car enthusiast.

- We take our responsibility to the industry very seriously and want to assure you that 3M enthusiastically shares our passion and commitment to innovation, quality and service.

- Our plan moving forward is to continue to support you as we have in the past by providing the same high quality products and service you’ve come to expect.

- Together, Meguiar’s and 3M will deliver a more complete product offering to auto enthusiast, car detailing and professional markets.

- We are excited about our future and look forward to continuing to serve you.

Mike __________________
Mike Pennington
Director of Training and Consumer Relations
Meguiar's, Inc.
mpennington@meguiars.com

[phaphuq]

2 dedicated company for the same product merger? Wow.. can't imagine....
Seharusnya makin bagus karena mereka bisa sharing knowledge dengan kelebihan masing2...

Top deh..!!

[michaeld0983]

2 dedicated company for the same product merger? Wow.. can't imagine....
Seharusnya makin bagus karena mereka bisa sharing knowledge dengan kelebihan masing2...

Top deh..!!

sebetulnya ada satu lagi perusahaan yang dimerger: edge!.
Bayangin 3m+megs+edge ====>> Enthusiast of detailer must be very happy hehe

[galantvr4]

iye bagus tuh udah merger jadi beli product nga macem2 beli satu merk aja...hehhe

tapi 3M ma megs ud favorite gua sih...ada beberapa merk laen yang ok juga tapi downside nya susa di cari...kalo mau pesen dari amrik...kan males....hehehhe

Pengen tau tar 3M SMR for black color jadi apa namanya....ini product fave gua dari 3m.....hehehhe

tapi klo product meg juga banyak yang gua pake kok....

sama2 bagus 22 nya....

[michaeld0983]

kalo gitu amunisi gue hasil merger 3m sama megs jadi begini deh hehe

[D Ecstasy]

wah...
3M become one with Meguiar's, pasti breakthrough nya lebih dahsyat lagi nih obat-2an nya.
Apalagi Pad Meg's combine dengan 3M dan Edge, pasti yahud hasilnya. kapan ya bisa mencicipi produk hasil kolaborasi ini. Can't wait...

[Nescafe]

nah.. setelah merger, huruf M pada 3M, artinya Meguiar's

[D Ecstasy]

Meguiar's 3 edges

[michaeld0983]

nah.. setelah merger, huruf M pada 3M, artinya Meguiar's

mungkin namanya jadi 4M hahaha

[nikki]

Bagus koq...Kombinasi 3M & Meguiars bisa jadi oke kayaknya...Siapa tau harga obat2nya bisa turun, tapi kualitasnya makin meningkat...Hahaha