Things looking up for Maumee Authority Stamping Inc.

MAUMEE (WTOL) - A major step forward has been taken for dozens of workers at the former Maumee Ford Stamping Plant.

A private investor bought it and signed a 20-year lease with Maumee Authority Stamping, Inc., an employee-owned business composed mostly of former Ford workers.

The facility is located in the 900 block of Illinois Ave.

Price and terms of the lease are not being disclosed.