Divestiture • Automotive

Piston Group & Piston Automotive Acquires Irvin Automotive Products

On September 28, 2016, Piston Group & Piston Automotive acquired automotive company Irvin Automotive Products from Takata

Acquisition Context
  • This is Piston Group & Piston Automotive’s 1st transaction in the Automotive sector.
  • This is Piston Group & Piston Automotive’s 1st transaction in the United States.
  • This is Piston Group & Piston Automotive’s 1st transaction in Michigan.

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M&A Deal Summary

Date September 28, 2016
Target Irvin Automotive Products
Sector Automotive
Buyer(s) Piston Group & Piston Automotive
Sellers(s) Takata
Deal Type Divestiture

Target Company

Irvin Automotive Products

Pontiac, Michigan, United States
Irvin Automotive Products, Inc. is a producer of automotive interior trim products, including seat covers, headrests, cargo shades, center and door armrests, sun visors and bolsters.
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Buyer Overview 1

Buyer

Piston Group & Piston Automotive

Redford, Michigan, United States

Category Company
Sector Automotive
Employees700
DESCRIPTION

Piston Group & Piston Automotive LLC is a designer, engineer, assemble and manufacturer of a wide variety of automotive parts and systems.


Deal Context for Buyer #
Overall 1 of 3
Sector: Automotive 1 of 2
Type: Divestiture 1 of 2
State: Michigan 1 of 1
Country: United States 1 of 3
Year: 2016 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-17 Marion Industries

Marion, Ohio, United States

Marion Industries assembles brake modules for prominent automotive manufacturer, Honda of America. Marion's processes are engineered to prevent the passing of defects onto the next level. Marion utilizes a multi-layered quality assurance program which incorporates validation & verification check points that constantly monitor the flow of information during the entire cycle of product assembly.

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Seller Profile 1

SELLER

Takata

Tokyo, Japan

Category Company
Founded 1933
Sector Automotive
Employees45,792
Revenue 662.5B JPY (2017)
DESCRIPTION

Takata Corp. is a manufacturer and seller of automotive safety systems and products for automakers. Takata was founded in 1933 and is based in Tokyo, Japan.


Deal Context for Seller #
Overall 1 of 3
Sector: Automotive 1 of 2
Type: Divestiture 1 of 3
State: Michigan 1 of 1
Country: United States 1 of 2
Year: 2016 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-30 SDI-Molan & Co. KG

Schonebeck, Germany

SDI-Molan GmbH & Co. KG is a producer of pyro-electric initiators and micro gas generators for passive vehicle safety systems.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-22 SCHROTH

Arnsberg, Germany

SCHROTH is a manufacturer of safety products for tuning, racing, aviation, and military applications. SCHROTH specializes in technical restraint systems, passenger lap belts for all major commercial aircraft, structural airbags for Airbus and Boeing platforms, and cockpit security components for the Airbus A350 and A380 platforms. SCHROTH was established in 1946 and is based in Arnsberg, Germany.

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