Thread: 3M acquires Meguiars
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09-10-2008 07:54 AM #1
This doesn't make me enthusiastic - sorry Barry, but you have just sold out a premium company and product (like Budweiser) to an uncaring anonymous conglomerate. You have become a prostitute to big business. Generally what happens with these is that until the new company completely takes over with their management, employees will stay reasonably happy. When that management is replaced, and it's usually over a fairly short time, the old hand hourly guys lose their incentive to produce a superior product and eventually drift away. Their raises and performance reviews become a calendar date and are dictated by corporate decrees. The big boss's door is not down the hall, but in some major conglomerate main office in a distant city. While the Meguiare's name will remain, Barry, after his new boss pisses him off once too often, will eventually drift off to retirement somewhere to count his money. It will just become another overpriced but average 3M product, a profit and loss division that will either make it or get dumped or shut down. 3M will be competing with their own house brands - and I can assure you that the existing 3M management will compete.
One bright note, it stays a USA company - at least for a whileDave W
I am now gone from this forum for now - finally have pulled the plug
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09-10-2008 08:03 AM #2
Funny one I saw with Meguiars a few years back, they started making a great tire dressing.
Came in a package with a cut to shape form fit to the curve of the tire applicator.
I did the 32's tires and they looked new.
Not the shiny artficial looking car show hard 'shine', but the soft black of a new tire.
The next application was two years later.
The tires looked good all that time.
The product was dropped, I believe because it was too good and lasted too long and that cut into sales.
Haven't bought any Meguiars since.
I agree that Meguiars is on the way out.
I'm guessing that big companies buy the little ones so they can destroy the competion and more than likely get a tax break for doing so.
Do it enough times and before long the 3M execs realize it's safe to take 3M to China, grab your golden parachute and wonder why things are not as good as they once were....Last edited by C9x; 09-10-2008 at 08:06 AM.
C9
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09-10-2008 08:10 AM #3
3M bought the Meguiar's name....Mr. Meguiar is already well-enough positioned (products are very high mark-up) that he will operate as a spokesperson for a while, then he will fade away and enjoy his bucks. By buying the brand name, 3M now controls the aftermarket car-care lotion industry....they already have a majority of the professional market so this purchase makes good business sense.
3M appears to be a pretty darned good company to work for.
mike in tucson






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