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A Saskatoon steel fabricator and two Saskatchewan First Nations have joined forces.
On Friday, the Peter Ballantyne (PBCN) Cree Nation, the English River First Nation and JNE Welding finalized merger after more than a year of negotiations.
President and CEO Jim Nowakowski said the partnership makes the three companies stronger and more competitive in a tough economic climate.
“We need every angle. We got to address every opportunity and being a First Nation company gives us a leg up as well. So it’s really about everybody winning here,” Nowakowski said.
The three partners said the merger will benefit Saskatchewan’s economy by fostering job opportunities for aboriginal people.
For (PBCN) Chief Peter A. Beatty, the deal provides their communities with more economic independence.
“It means I think more opportunity of PBCN to grow. Our revenue streams will hopefully increase. It also means a lot of good opportunities for our crew nation members .”
Together JNE and the two first nation economic development corporations will employ 1,000 people.