Piston Group Acquires Irvin Automotive Products

Excerpt from Crain’s Detroit —

Piston Group closed Wednesday on the $175 million acquisition of Takata Corp.subsidiary Irvin Automotive Inc.

The deal, first reported by Crain’s earlier this week, propels the Redford Township-based supplier owned by former Detroit Pistons guard Vinnie Johnson into a full-fledged manufacturer.

Detroit entrepreneur Vinnie Johnson has acquired Irvin Automotive Products, creating one of the largest privately-owned automotive supplier groups in Michigan.

Johnson’s expanded Piston Group of companies is expected to post record sales of more than $1.8 billion in 2016 with 8,300 employees at 15 facilities in the United States and Mexico. Other companies in the group include Piston Automotive, Detroit Thermal Systems and AIREA, Inc.

Read the entireĀ Crain’s Detroit Business Article