St. Paul, Minnesota – 3M has announced that it has entered into an agreement to acquire Meguiar’s Inc., the 100-year-old family business that manufactures the Meguiar’s brand of car waxes, polishes, cleaners, conditioners and protectants. Terms of the transaction were not disclosed.
“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 Divison. “Together, Meguiar’s and 3M will collaborate to deliver even more innovative high-performance products for enthusiasts around the world.”
Meguiar’s is also known for its presence at thousands of car shows, from hot rods and muscle cars to exotic sports cars and vintage classics, and for its internationally-syndicated multimedia broadcasting network for major automotive events and collector car hobby news.