Conglomerate 3M announced yesterday its intention to acquire Meguiar’s, Inc., the more than 100-year-old family-run car care products business. Meguiar’s, which is based in Southern California, is notable for current president and CEO Barry Meguiar, who is a regular at vintage and new car show events across the world.
In a statement, 3M’s vice president of the company’s Automotive Aftermarket Division, Ian Hardgrove, implied that the colorful Barry Meguiar would continue to be part of the company.
Meguiar’s has become a staple of the car show scene and the company says it sponsors more than 10,000 car shows across the world despite being a small family-run business with 115 employees.
