The Meadow Lake Tribal Council (MLTC), via its corporate business development entity MLTC Industrial Investments LP (MLTCII), purchased the assets of L&M Wood Products (L&M) in October of 2018.
Based in Glaslyn, Saskatchewan, L&M is a manufacturing facility that has been producing specialty wood products for over 50 years. With the purchase of the L&M operations, MLTC further entrenches its reputation as Canada’s premiere 100% Indigenous-owned forest products manufacturing enterprise.
The purchase of L&M provides continued economic growth for MLTC in Canada’s forest sector. The recent ownership of L&M by MLTC further distinguishes northwest Saskatchewan as Canada’s foremost jurisdiction of Indigenous ownership and manufacturing in the Canadian forestry sector.
The ongoing 30-year story of MLTC ownership in the forest industry, including this new acquisition of L&M, is important in that it provides new domestic and international wood market growth opportunities, continued regional employment for Indigenous communities and economic stability.
MLTC anticipates improving and maximizing the current L&M mill asset capabilities in producing a variety of specialty wood products and fully utilizing the entire softwood and hardwood supply available to the operations. Integrating timber supply for both NorSask Forest Products LP and L&M through Mistik Management Ltd will further enhance forestry operations.
The capital upgrades identified for the L&M operations will not only serve to dramatically improve the Indigenous ownership presence in the forest product industry in Canada but also ensure that L&M Wood Products becomes the flagship, 100% Indigenous-owned manufacturer of specialty wood products (timbers, posts and rails) in Canada.