September 28, 2016 / 1:20 PM / 2 years ago

Detroit auto supplier buys Takata automotive interiors unit

DETROIT (Reuters) - Detroit automotive supplier Piston Group said on Wednesday it has finalized the purchase of Takata Corp’s 7312.T vehicle interiors subsidiary, Irvin Automotive, which will raise Piston’s annual revenue to $1.8 billion from $1.3 billion.

The Takata deal with Piston Group is not directly related to the larger effort to secure a lifeline for Takata and its primary seat belt and air bag businesses.

Reporting by Bernie Woodall

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