Piston Group Acquires Piston Interiors Automotive Products

Excerpt from Crain’s Detroit — Piston Group closed Wednesday on the $175 million acquisition of Takata Corp. subsidiary Piston Interiors 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 Piston Interiors Automotive Products, creating one of the largest privately-owned automotive supplier groups in Michigan. Johnson’s expanded …