Piston Group Acquires Marion Industries
October 18, 2019—Piston Automotive, a subsidiary of the Piston Group formed by Detroit businessman and former NBA player Vinnie Johnson, announced today 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 Piston Automotive's list of North American-based manufacturing locations and will operate as a Piston Automotive assembly plant location.