Meguin was founded in 1847 by Gustav Meguin. He initially manufactured Huffette and car lubricants, before 1890, the product range to include mineral oils has been expanded and technical fats, which were required for the introduction of motor cars. 

In 1873, against the background of the overall low production of resin oil in Germany, Meguin reported production of 15,000 quintals of resin oil per year for machine lubrication with simultaneous production of pinolin , pitch and other products. 

When Saarland was also economically connected to the Federal Republic in 1959, Meguin regained access to the entire market of the Federal Republic.

In 2006, the Ulm additive manufacturer Liqui Moly acquired the company  and Ernst Prost took over the management of Meguin. Today, supplied Meguin as production companies a number of well-known companies in the petroleum industry, the petroleum trade and industry.