Add-on Acquisition • Consumer Products

3M Acquires Meguiar s

On September 8, 2008, 3M acquired consumer products company Meguiar s from TSG Consumer Partners

Acquisition Context
  • This is 3M’s 4th transaction in the Consumer Products sector.
  • This is 3M’s 30th transaction in the United States.
  • This is 3M’s 3rd transaction in California.

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M&A Deal Summary

Date September 8, 2008
Target Meguiar s
Sector Consumer Products
Buyer(s) 3M
Sellers(s) TSG Consumer Partners
Deal Type Add-on Acquisition
Advisor(s) CG Sawaya Partners (Financial)

Target Company

Meguiar s

Irvine, California, United States
Meguiar's, Inc. is a manufacturer and marketer of premium car care products.
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Buyer Overview 1

Buyer

3M

St. Paul, Minnesota, United States

Category Company
Founded 1902
Sector Diversified
Employees92,000
Revenue 24.6B USD (2024)
DESCRIPTION
Entrance to 3M's corporate campus in St. Paul, Minnesota.
Entrance to 3M's corporate campus in St. Paul, Minnesota.

3M is a diversified manufacturing and technology company that produces a variety of adhesives, abrasives, safety products, chemicals, and other goods for consumers and businesses. 3M was incorporated in 1902 and is based in St. Paul, Minnesota.


Deal Context for Buyer #
Overall 46 of 81
Sector: Consumer Products 4 of 9
Type: Add-on Acquisition 42 of 70
State: California 3 of 7
Country: United States 30 of 51
Year: 2008 8 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-08-28 Polyfoam Products

Tomball, Texas, United States

Polyfoam Products Inc. is a structural adhesives company specializing in foam adhesives for tile roofing and other adhesive products for the building industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-09-23 Dedication to Detail

Philadelphia, Pennsylvania, United States

Dedication to Detail is a Philadelphia-based manufacturer of paint finishing systems including buffing and polishing pads.

Buy -

Seller Profile 1

SELLER

TSG Consumer Partners

Stamford, Connecticut, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 14.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

TSG Consumer Partners (formerly known as The Shansby Group) is a specialist private equity firm focused on acquiring and building mid-sized, branded consumer companies. TSG invests in private and publicly traded companies, and will consider both majority and minority equity positions. Specific sectors of interest include apparel, beauty, e-commerce, personal care, retail, food/beverages, restaurants, health/wellness, household products, and pet care. TSG looks for companies with sales between $20 million and $1.5 billion and can invest commit up to $500 million per transaction. TSG Consumer Partners was formed in 1987 and is based in San Francisco, California.


Deal Context for Seller #
Overall 10 of 40
Sector: Consumer Products 2 of 11
Type: Add-on Acquisition 9 of 31
State: California 2 of 17
Country: United States 10 of 38
Year: 2008 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-04-01 Island Oasis

Walpole, Massachusetts, United States

Island Oasis, Inc. is a manufacturer and distributor of frozen and aseptic beverage products and related equipment which are sold throughout the United States and in many popular resort locations abroad.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-10-01 popchips

San Francisco, California, United States

popchips, Inc. is one of the better-for-you snack brands in North America, is an innovative line of popped snacks that are deeply satisfying, never deep-fried. popchips has been winning the hearts and stomachs of snackers worldwide. From trendsetters and celebrities to the entire family, the brand has built a loyal following of snacking enthusiasts.

Buy -