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      09-10-2008, 01:55 AM   #1
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3M to acquire Meguiar's

http://abrn.search-autoparts.com/abr...CategoryId=498

ST. PAUL, Minn. – 3M has entered into an agreement to acquire Meguiar’s Inc., a 100-year-old family business that manufactures the Meguiar’s brand of car care products for cleaning and protecting automotive surfaces.

MORE ON 3M, MEGUIAR'S
3M acquiring French adhesive/sealant manufacturers

Meguiar's, Inc. Synthetic Sealant, Synthetic Spray Detailer

Meguiar’s brings its waxes, polishes, cleaners, conditioners and protectants for the automotive and marine markets to 3M’s range of automotive aftermarket products. Meguiar’s is headquartered in Irvine, Calif., and employs about 115 people. The transaction is expected to be completed in the fourth quarter.

“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,” says 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,” says 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.”

I hope we get Meg's version of Ultrafina and their backing plates/pads now!
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      09-10-2008, 01:25 PM   #2
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