Vinnie Johnson’s Piston Group Buys Ohio Braking Plant

October 17, 2019, |By Lindsay Chappell |Crain’s Business Detroit – Automotive News 

Piston Group, the Detroit supplier of chassis and electronics assemblies, has added Honda to its customer list by acquiring Marion Industries from Ernie Green Industries.

From its plant in central Ohio, Marion is a key supplier of assembled brake corners to Honda’s U.S. operations. Piston Group, controlled by Detroit businessman and former NBA star Vinnie Johnson, hopes to broaden the Ohio plant’s Honda business beyond brake assemblies.

Terms of the deal were not disclosed.

“We already do chassis and brake corner assemblies for FCA, Toyota and Ford,” said Bob Holloway, Piston Automotive president. “This provides an opportunity for us to continue to diversify with a new customer.”

Piston Group also supplies module assemblies for other vehicle components for its other customers, including high-voltage battery modules.

“We hope to bring some of our other module assembly expertise to grow with Honda, whether its interior, exterior, powertrain cooling or electrification,” he said.

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