Western Announces Ratification of La-kwa sa muqw Forestry Limited Partnership and United Steelworkers Agreement

Core Viewpoint - Western Forest Products Inc. has successfully ratified a new 6-year collective agreement with employees represented by the United Steelworkers Local 1-1937, which is retroactive and will expire on June 14, 2030 [1] Group 1: Collective Agreement and Work Resumption - The ratification of the collective agreement allows La-kwa sa muqw Forestry Limited Partnership (LFLP) to plan a safe and immediate return to work, concluding the work stoppage that began in June 2025 [2] - LFLP is a partnership between the Tlowitsis, We Wai Kai, Wei Wai Kum, and K'ómoks First Nations, holding a 34% interest, while Western holds the remaining 66% [3] Group 2: Company Overview - Western Forest Products is an integrated forest products company focused on building a margin-oriented log and lumber business to compete in global softwood markets [4] - The company operates primarily on the coast of British Columbia and Washington State, with a lumber capacity of 700 million board feet from five sawmills, and also operates four remanufacturing facilities and two glulam manufacturing facilities [4] - Western sources timber through long-term licenses, First Nations arrangements, and market purchases, and supplements production via a wholesale program offering a range of specialty products [4]