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3M ACQUIRES MEGUIAR’S INC.

By Wrap News

Meguiar’s Inc., the 100-year-old family-owned manufacturer of Meguiar’s car-care products, has entered into an acquisition agreement with 3M, a global leader in materials manufacturing. 3M announced the acquisition on Monday. Terms of the transaction were not disclosed.

Meguiar’s brings its renowned products and history—from its beginnings providing Mirror Glaze polishes and waxes for professional use, to today’s products for those dedicated to maintaining their vehicle’s finish—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. 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 and 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, California, 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.

Chosen by 20 out of 24 “Best of Class” winners at the 2008 Pebble Beach Concours d’Elegance, Meguiar’s provides specialized products for every automotive surface, including paint, wheels, tires, and interiors. As part of its 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.

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 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.

Soaring Gas Prices Bring New Value to Vehicle Wraps

By Wrap News

PRWeb
Jun 16, 2008

What would you do to get your boss to pay for your gas?

With the pain at the gas pump getting worse every day, what would you do to get your boss to help pay for your gas? Would you work an hour extra each day? Get them an latte on your way in to work?

Employees at Jobing.com already have the answer to that question: turn your car into a mobile billboard for your employer. The company pays a monthly stipend and covers 100% of employee fuel costs – whether personal or business related. Participating employee vehicles are wrapped with company-branded, eye-catching designs; Jobing.com covers all related expenses and adds extra money to employee paychecks for participating.

Enjoy the entire article from PR Web here.

Police Cars Get a Wrap Makeover

By Wrap Maintenance, Wrap News

Noblesville Ledger
May 14, 2008

The Noblesville Police Department bought nine 2008 Ford Crown Victorias for an estimated cost of $189,900. The vehicles are all black and instead of paying to produce and apply decals with the department’s insignia and “Police” on the doors on both sides, the car doors are being wrapped. The background is white, giving the cars the appearance of being black and white. That can add to the cars’ resale value and make them easier to decommission when the department is done with them.

The full article from the Noblesville Ledger is no longer available.
Note: the pictured vehicles are not associated with Noblesville PD.

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