Source: Piston Group
DETROIT — Piston Automotive, a subsidiary of the Piston Group formed by Detroit businessman and NBA legend Vinnie Johnson, announced the acquisition of Ohio-based Marion Industries, a Tier 1 assembler of brake modules for Honda of America.
Marion Industries, established in 1999, was a member company of Ernie Green Industries, a certified minority-owned business enterprise.
This acquisition expands Piston Automotive’s footprint into the Central Ohio region and further diversifies the company’s growing list of OEM customers. Marion Industries has been recognized by Honda for its excellence in quality, delivery and customer value.
“Transforming our business and accepting new challenges is required in order to compete in today’s marketplace,” said Piston Group’s Founder, Chairman and CEO Vinnie Johnson. “The acquisition of Marion Industries allows us to leverage our process design and product assembly expertise and diversify our customer base which are two key elements of our growth strategy.”
Marion Industries joins the company’s growing list of North American-based manufacturing locations and will operate as a Piston Automotive assembly plant location.
Piston Group, comprising of Piston Automotive, Irvin Products, Detroit Thermal Systems, and AIREA, is headquartered in Southfield, Michigan. It designs, engineers, assembles and manufactures a wide variety of automotive parts and systems. AIREA is an office design studio and furniture dealer. The Group was founded in 1995 by industry magnate and former NBA champion Vinnie Johnson, and is one of the largest private, minority-owned automotive suppliers in North America.
Today, Piston Group employs nearly 10,000 people at more than 20 locations across North America. Last year, the firm posted revenues of $2.88 billion. Visit www.pistongroup.com for more information.
