Maumee Authority Stamping has signed a purchase agreement
with Ford Motor Company to purchase Ford’s former stamping plant and all
equipment in Maumee.
Ford ceased production at the plant in October.
Keith Obey, president of Maumee Authority Stamping, said he
could not divulge details of the sale due to a confidentiality agreement with
The new private, employee-owned company plans to begin
production in early to mid-May with 250 employees, Obey said.
“Production will begin as soon as we can train the employees
in manufacturing and safety,” he said.
The plant will produce stamped products for General Motors,
Chrysler, Magna, Freightliner and other automotive and non-automotive companies
in the appliance, heavy truck and recreational vehicle industries.
Obey said the company interviewed 1,200 people for potential
jobs at the plant, which resulted in the identification of 450 capable
applicants. The plant plans to hire 250 of those applicants during the next
four to six weeks with about 60 percent of the new hires being former Ford
employees at the stamping facility.
Maumee Authority Stamping received funding support for the
purchase from the State of Ohio, Toledo-Lucas County Port Authority, National
City Bank and company employees.
“All profits from this operation will stay right here with
our employees,” Obey said.
Obey retired from Ford in 2001 after working 27 years
for the automaker. He came to Maumee from Detroit and worked six years at the
Maumee Stamping Plant.